Morris Dweck Of KSR Arranges $8.2M Loan For JMD Investments Retail Condo And Industrial Property
401 8th Avenue
$8,200,000
$1,640/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
Two owner-occupied properties were involved in this transaction. The first is a retail condo located at 401 8th Avenue, across from MSG, featuring a square footage of 5,000. The second property is an industrial building located at 120 Ethel Road W, with a square footage of 50,600. Together, these properties represent significant real estate assets in the Park Slope, NY and Piscataway, NJ markets.
Summary of transation details:
- Property Type: Retail Condo and Industrial Building
- Transaction Amount: $8,200,000
- Loan Amount: $8,200,000
- Line of Credit: $1,000,000
- Lender: Bank United - Jason Labriola
- Landlord: JMD Investments
- Broker: Morris Dweck - KSR
- Loan Type: Cashout Refinance
- Loan Terms: 5 + 5 / 25-year amortization, 6.12%
Morris Dweck of KSR Capital facilitated the financing for the transaction, arranging a first mortgage and a line of credit on the properties. The significant financial backing for these properties highlights the strategic investment by JMD Investments in the retail and industrial sectors.
On the Map
$8,200,000
$1,640/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Jason Labriola to view all their deals.
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93