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
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