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
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