Bushwick Multifamily – Property Acquisition

Hirshmark Capital, through an affiliate entity, is proud to announce the $1,100,000 purchase of a multifamily property in the Bushwick neighborhood of Brooklyn. 315 Menahan Street is a 3-story brick building, that is 5,000 SF.  The property is just 3 blocks away from the Myrlte Avenue L and M trains. Hirshmark purchased the asset, at a going in 3% capitalization rate, with 6 rent-stabilized units, allowing for immediate upside. This is yet another example of our aggressive appetite in acquiring well trafficked and unique commercial properties throughout NYC.

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