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13 Avenue B New York, NY 10...

Hakimian Capital Provides $4.4M Bridge Loan For Mixed-Use Property In East Village
FINANCEDMixed-use

Hakimian Capital Provides $4.4M Bridge Loan For Mixed-Use Property In East Village

13 Avenue B New York, NY 10009, USA

$4,400,000

$724/SF

Building Size

6,070 SF

Asset Type

Mixed-use

Closing

Jul 13, 2023

AI

A mixed-use property located at 13 Avenue B in the East Village has recently undergone a transaction. Spanning across 6,070 square feet, this property offers a versatile space for both residential and commercial purposes. The transaction involved a loan from Hakimian Capital, represented by Michael Hakimian, Daniel Nadri, and Sammy Hakimian. The loan amount for this bridge loan was $4,400,000.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $4,400,000
  • Address: 13 Avenue B
  • Market: East Village
  • Square Footage: 6,070

Hakimian Capital, led by Michael Hakimian, Daniel Nadri, and Sammy Hakimian, provided the loan for this transaction. Their expertise in bridge loans makes them a reliable choice for financing real estate deals. Their involvement in this transaction demonstrates their confidence in the potential of this mixed-use property in the East Village.

Players

Daniel Nadri

Hakimian Capital

Lender

$232.9M

vol

13 deals

Lender
Hakimian Capital
Hakimian CapitalLender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93