Hirshmark Capital Provides $2.7M Bridge Loan For Retail Property In Bushwick, Brooklyn
440 Knickerbocker Avenue
$2,700,000
$360/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Mar 27, 2023
About this deal
AI
Hirshmark Capital has provided a $2,700,000 bridge loan for the property located at 440 Knickerbocker Avenue in Bushwick, Brooklyn. The retail asset spans 7,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 440 Knickerbocker Avenue
- Market: Bushwick, Brooklyn
- Lender: Hirshmark Capital - Jake Soodek
- Landlord: Antonio Ambrosino
Jake Soodek from Hirshmark Capital acted as the lender's representative in this deal.
The retail loan at 440 Knickerbocker Avenue in New York financed for $2.7M in 2023. The building is 7,500 square feet, implying about 360 per square foot on the published price. This page is the New York file for the 440 Knickerbocker Avenue retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that local retail set by closing date to see what else financed near 440 Knickerbocker Avenue around 2023. Published consideration for 440 Knickerbocker Avenue is $2.7M, dated 2023. Cite this Hirshmark Capital Provides $2.7M Bridge Loan For Retail Property In Bushwick, Brooklyn loan when underwriting similar retail product around New York.
Players
Market 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93