Hakimian Capital Provides $14.75 Million Loan For Brooklyn Multifamily Acquisition And Construction
FINANCED
$14,750,000
New York
See Similar DealsMultiFamily30,475 SF
Financed 10/31/2025
FINANCED
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
See Similar DealsMultiFamily30,475 SF
Financed 10/31/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$484
Total Square Footage:30,475 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,750,000.00
Monthly NOI$98,333.33
Monthly Debt Service$93,230.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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