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1290 Madison Avenue

The Hakim Family Secures $23 Million Refinance Loan From Webster Bank For Multifamily Asset
FINANCEDMultiFamily

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

Jonathan Aghravi

JBA Equities

Broker

$1.6B

vol

49 deals

Broker
Webster Bank
Webster BankLender

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