Updated Jan 27, 2026
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
About this deal
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.
On the Map
$5,500,000
$669/SF
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
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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