Hakimian Capital Provides $3.6M Construction Loan For East New York Hotel

Located at 3294 Atlantic Avenue in East New York, this hotel property with a total area of 21,277 square feet and 61 keys recently underwent a closed transaction. The deal involved a construction loan.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $3,600,000
• Address: 3294 Atlantic Avenue
• Market: East New York
• Square Footage: 21,277
• Number of Keys: 61

The lending for this transaction was provided by Hakimian Capital, specifically Sammy Hakimian, Daniel Nadri, and Michael Hakimian. Bamsag Builders, represented by Osher Niyazov, served as the landlord for this deal. The brokerage involved in this transaction was Leviathan Capital with Joe Hach as the broker.