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261 Moore Street

Bert R. Dweck Of Hirshmark Capital Provides $3.9M Refinance Loan For Retail Property In Brooklyn
FINANCEDRetail

Bert R. Dweck Of Hirshmark Capital Provides $3.9M Refinance Loan For Retail Property In Brooklyn

261 Moore Street

$3,900,000

$260/SF

Building Size

15,000 SF

Asset Type

Retail

Closing

Apr 30, 2025

AI

The property asset involved in this transaction is a retail space located at 261 Moore Street in the Brooklyn market. The asset encompasses a total square footage of 15,000 and is associated with a loan amount of $3,900,000, specifically a refinance loan.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,900,000
  • Loan Type: Refinance
  • Lender: Bert R. Dweck - Hirshmark Capital
  • Landlord: Rachel Reichman
  • Landlord's Representative: Vincent Coratolo & Chris Agis - Coratolo Associates

The key individuals in this transaction include the lender Bert R. Dweck from Hirshmark Capital, who facilitated the refinance, and the landlord Rachel Reichman. The representation of the landlord was handled by Vincent Coratolo and Chris Agis from Coratolo Associates, ensuring a well-organized transaction process.

Players

Vincent Coratolo

Coratolo Associates

Broker

$103.7M

vol

9 deals

Broker
Bert R. Dweck

Bert R. Dweck

Hirshmark Capital

Lender

$105.8M

vol

23 deals

Lender
Hirshmark Capital
Hirshmark CapitalLender

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93