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126 Manhattan Avenue

Hakimian Capital Provides $5.5 Million Construction Loan For Williamsburg MultiFamily Asset
FINANCEDMultiFamily

Hakimian Capital Provides $5.5 Million Construction Loan For Williamsburg MultiFamily Asset

126 Manhattan Avenue

$5,500,000

$669/SF

Building Size

8,220 SF

Asset Type

MultiFamily

Closing

Dec 17, 2025

AI

The asset involved in this transaction is a multi-family property located at 126 Manhattan Avenue in Williamsburg. It features a total square footage of 8,220 and comprises 10 residential units.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,500,000
  • Loan Type: Construction
  • Lender: Hakimian Capital
  • Date of Transaction: 12/18/2025

The deal was represented by Sammy Hakimian, Michael Hakimian, and Daniel Nadri. They are affiliated with Hakimian Capital in the capacity of lender for the transaction.

Players

Daniel Nadri

Hakimian Capital

Lender

$232.9M

vol

13 deals

Lender
Hakimian Capital
Hakimian CapitalLender

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93