Hakimian Capital Provides $2.2M Acquisition Loan For Mixed-Use Property In Boerum Hill
FINANCED
$2,200,000
+ 4
New York
See Similar DealsMixed-use3,200 SF
Financed 06/02/2022
FINANCED
Hakimian Capital Provides $2.2M Acquisition Loan For Mixed-Use Property In Boerum Hill
479 Atlantic Avenue, Brooklyn, New York 11217, United States
See Similar DealsMixed-use3,200 SF
Financed 06/02/2022
+ 4
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$687
Total Square Footage:3,200 SF
Transaction Type:Loan
The mixed-use property located at 479 Atlantic Ave. in Boerum Hill has recently undergone an acquisition. The property spans approximately 3,900 square feet and is situated in a prime market area.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Address: 479 Atlantic Ave.
- Market: Boerum Hill
Hakimian Capital, represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian, provided a loan of $2,200,000 for the acquisition. The loan was secured by the property. The landlord for this transaction is Garrett Wittels.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,200,000.00
Monthly NOI$14,666.67
Monthly Debt Service$13,905.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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