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1927 Flatbush Avenue

TD Bank Provides $2.7M Refinance Loan To Helm Equities For Retail Asset In Brooklyn
FINANCEDRetail

TD Bank Provides $2.7M Refinance Loan To Helm Equities For Retail Asset In Brooklyn

1927 Flatbush Avenue

$2,700,000

Building Size

Asset Type

Retail

Closing

Feb 9, 2026

AI

The asset involved in this transaction is a retail property located at 1927 Flatbush Avenue in Brooklyn. The loan amount secured for this property is $2,700,000, with a refinance loan type and terms set for 5 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,700,000
  • Lender: TD Bank
  • Landlord: Helm Equities
  • Broker: Daniel Lerer - GFI Realty Services
  • Loan Type: Refinance
  • Loan Terms: 5 Years

Key individuals in this transaction include Daniel Lerer, representing the broker agency GFI Realty Services, who facilitated the deal, and Michael Weiser, whose involvement is also noted in this transaction.

Players

Michael Weiser

GFI Realty Services

Broker

$515.2M

vol

34 deals

Broker
HE
Helm EquitiesLandlord

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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93