Hakimian Capital Provides $1.65M Loan For Mixed-use Property On 130 Lincoln Rd, Prospect Lefferts Gardens/Brooklyn
130 Lincoln Rd, Waterloo, On N2 J 4 N4, Canada
$1,650,000
$310/SF
Building Size
5,311 SF
Asset Type
Mixed-use
Closing
Aug 26, 2019
About this deal
AI
The mixed-use property located at 130 Lincoln Rd in Prospect Lefferts Gardens/Brooklyn was recently involved in a closed transaction. The property spans 5,311 square feet and was sold for a total amount of $1,650,000. The transaction took place on August 27, 2019. The property is owned by Martin Keaton.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,650,000
- Address: 130 Lincoln Rd
- Market: Prospect Lefferts Gardens/Brooklyn
- Landlord: Martin Keaton
- Square Footage: 5,311
The transaction involved the lender Hakimian Capital. Sammy Hakimian, Daniel Nadri, and Michael Hakimian were involved in the deal as representatives from Hakimian Capital.
Players
Waterloo Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93