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
Brooklyn 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93