Hakimian Capital Provides $3M Loan For Development Site In Mill Basin Brooklyn
FINANCED
$3,000,000
New York
See Similar DealsDevelopment Site42,020 SF
Financed 07/27/2020
FINANCED
Hakimian Capital Provides $3M Loan For Development Site In Mill Basin Brooklyn
2657 East 66th Street, Brooklyn, NY 11234, USA
See Similar DealsDevelopment Site42,020 SF
Financed 07/27/2020
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$71
Total Square Footage:42,020 SF
Transaction Type:Loan
A development site located at 2657 East 66th Street in Mill Basin, Brooklyn has been involved in a closed transaction. The property is a development site with a building square footage (BSF) of 42,020.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,000,000
- Market: Mill Basin, Brooklyn
Hakimian Capital, represented by Daniel Nadri, Michael Hakimian, and Sammy Hakimian, provided a loan of $3,000,000 for the subject property. The loan was granted to an experienced and repeat client who plans to develop the site into six waterfront homes. For more information, you can contact Hakimian Capital at 212.302.4066 or via email at [email protected].
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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