Hakim Family Secures $17 Million Refinance Loan From Jacob Nimmer For Mixed-Use Property
1569 2nd Avenue, 1565 2nd Avenue & 247 East 81st Street
$17,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 22, 2026
AI
The mixed-use property located at 1569 2nd Avenue, 1565 2nd Avenue & 247 East 81st Street in the Upper East Side market has undergone a refinancing transaction. The loan amount secured for this asset is $17,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $17,000,000
- Lender: Jacob Nimmer - Amalgamated
- Borrower: Hakim Family
- Broker: Jonathan Aghravi - JBA Equities
- Loan Type: Refinance
- Date: 3/23/2026
The brokers involved in this transaction are Jonathan Aghravi from JBA Equities, who represents the Hakim Family in obtaining this refinance. Jacob Nimmer, representing Amalgamated, acted as the lender for the transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93