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547 Knickerbocker Avenue

Updated Nov 17, 2023

Hakimian Capital Provides $1.2M Acquisition Loan For Mixed-Use Property In Bushwick
FINANCEDMixed-use

Hakimian Capital Provides $1.2M Acquisition Loan For Mixed-Use Property In Bushwick

547 Knickerbocker Avenue

$1,200,000

$363/SF

Building Size

3,300 SF

Asset Type

Mixed-use

Closing

Feb 18, 2022

About this deal

AI

547 Knickerbocker Avenue in Bushwick has recently been involved in a closed transaction. This mixed-use property spans 3,300 square feet, offering a versatile space for various purposes. The transaction took place on 02/18/2022, with the involvement of Sammy Hakimian, Daniel Nadri, and Michael Hakimian from Hakimian Capital as the lenders. The loan, amounting to $1,200,000, was an acquisition loan. James Perse is the landlord associated with this property.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,200,000
  • Address: 547 Knickerbocker Avenue
  • Market: Bushwick
  • Square Footage: 3,300

In this transaction, Sammy Hakimian, Daniel Nadri, and Michael Hakimian from Hakimian Capital played a key role as lenders. They provided the acquisition loan for this property. It's important to note that no additional details were provided regarding the deal's specific terms or conditions.

Players

Hakimian Capital
Hakimian CapitalLender

James Perse

Landlord

$2.3M

vol

2 deals

Landlord

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $363 per square foot on a published $1.2M for 3,300 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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