Hakimian Capital Provides $14.75 Million Loan For Brooklyn Multifamily Acquisition And Construction

166 South 2nd Street, 55 Withers Street, 148 Conselyea Street, 208 Irving Avenue, 785 Franklin Avenue & 197 Meserole Street

$14,750,000

$484/SF

Building Size

30,475 SF

Asset Type

MultiFamily

Closing

Oct 30, 2025

AI

A multifamily asset located at 166 South 2nd Street, 55 Withers Street, 148 Conselyea Street, 208 Irving Avenue, 785 Franklin Avenue & 197 Meserole Street has been involved in a transaction. The total square footage of the property is 30,525, comprising 30 residential units. The market for this asset is situated in Brooklyn.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $14,750,000
Loan Type: Acquisition + construction
Lender: Hakimian Capital

The deal involves individuals Sammy Hakimian, Michael Hakimian, and Daniel Nadri representing the lender in this transaction, showcasing their role in facilitating the loan agreement.

Players