Lenox Platinum LLC Acquires New 22-Unit Resi Condo In Prospect Lefferts Garden, Brooklyn
345 Lenox Rd, Brooklyn, NY 11226, USA
$6,500,000
$219/SF
Building Size
29,684 SF
Asset Type
—
Closing
Sep 13, 2018
About this deal
AI
Located at 345 Lenox Road in Prospect Lefferts Garden, Brooklyn, this new 22-unit residential condo offers a total of 29,684 square feet of living space. The property was recently involved in a closed transaction.
Summary of transaction details
- Property Type: New 22-unit residential condo
- Transaction Amount: $6,500,000
- Loan Amount: $6,500,000
- Owner: Lenox Platinum LLC – Al Bokhour
- Lender: Hakimian Capital represented by Sammy Hakimian, Daniel Nadri & Michael Hakimian
Sammy Hakimian, Daniel Nadri, and Michael Hakimian of Hakimian Capital were the lenders involved in this transaction. They provided a loan amount of $6,500,000 to facilitate the deal. The property owner, Lenox Platinum LLC, is headed by Al Bokhour. The transaction involved the sale of this 22-unit residential condo located at 345 Lenox Road in Prospect Lefferts Garden.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93