Hirshmark Capital Refinances Retail Property In Park Slope For $6M
604 Pacific Street, Brooklyn, New York 11217, United States
$6,000,000
$200/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
Mar 17, 2022
About this deal
AI
A retail property located at 604 Pacific St. in Park Slope, with a total square footage of 30,000, was recently involved in a closed transaction. The transaction, which took place on March 18, 2022, included a loan refinancing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,000,000
- Address: 604 Pacific St.
- Market: Park Slope
Hirshmark Capital provided the loan for this transaction. The landlord involved in the deal is Henry Weinstein. Acting as the broker for the transaction was Igor Vaysberg from Hirshmark Capital.
On the Map
$6,000,000
$200/SF
Retail
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Players
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93