Hakimian Capital Acquires Development Site In Brooklyn's Clinton Hill For $4.87M

532 Clinton Ave, located in the Clinton Hill neighborhood of Brooklyn, was recently involved in a closed property transaction. The property is a development site with Department of Buildings (DOB) approved plans. The transaction involved a loan amount of $4,870,000, with a building square footage (BSF) of 27,900. The landlord of the property is 532 Clinton Ave Corp., represented by Samuel Hanasab. The lender in this transaction is Hakimian Capital, represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $4,870,000
• Building Square Footage: 27,900
• Address: 532 Clinton Ave, Brooklyn
• Market: Clinton Hill

The individuals and companies involved in the transaction are Sammy Hakimian, Daniel Nadri, Michael Hakimian, and Samuel Hanasab. Sammy Hakimian, along with Daniel Nadri and Michael Hakimian, represents Hakimian Capital as the lender. Samuel Hanasab represents 532 Clinton Ave Corp. as the landlord.