Ambrosino Equities Refinances Bushwick Retail Properties At 789 And 791 Broadway For $3.7M
789 Broadway & 791 Broadway
$3,700,000
$168/SF
Building Size
22,000 SF
Asset Type
Retail
Closing
Aug 5, 2026
About this deal
AI
The assets involved in the transaction are two retail properties located at 789 Broadway and 791 Broadway in the Bushwick market of Brooklyn. The total square footage of these properties is 22,000, and the loan amount secured for refinancing is $3,700,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,700,000
- Original Loan Amount: $3,300,000
- Lender: Symetra Life Insurance Company
- Previous Lender: Hirshmark Capital
- Transaction Date: 08/05/2026
Ambrosino Equities is the entity that completed the refinancing of its two retail properties through the new loan arrangement with Symetra Life Insurance Company, effectively replacing the previous financing secured from Hirshmark Capital.
On the Map
$3,700,000
$168/SF
Retail
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Players
New York 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93