Hakimian Capital Provides $5.5 Million Construction Loan For Williamsburg MultiFamily Asset
FINANCED
$5,500,000
New York
See Similar DealsMultiFamily8,220 SF
Financed 12/18/2025
FINANCED
Hakimian Capital Provides $5.5 Million Construction Loan For Williamsburg MultiFamily Asset
126 Manhattan Avenue
See Similar DealsMultiFamily8,220 SF
Financed 12/18/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$669
Total Square Footage:8,220 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,500,000.00
Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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