The Hakim Family Secures $23 Million Refinance Loan From Webster Bank For Multifamily Asset
1290 Madison Avenue
$23,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2025
AI
The property asset involved in this transaction is a multifamily asset located at 1290 Madison Avenue in the Manhattan market. The loan amount secured for the refinance of this asset is $23,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Lender: Webster Bank - Adam Brenner
- Landlord: The Hakim Family
- Landlord's Representative: Jonathan Aghravi - JBA Equities
- Loan Type: Refinance
- Date: 01/21/2026
Key individuals involved in the transaction include Adam Brenner, who represents Webster Bank as the lender, and Jonathan Aghravi, who represents the landlord, The Hakim Family, through JBA Equities. Their roles are integral to the facilitation of this refinance deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93