Updated Nov 20, 2025
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
5,000 SF
Asset Type
MultiFamily
Closing
Oct 30, 2025
About this deal
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.
On the Map
$14,750,000
$484/SF
MultiFamily
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Players
Brooklyn 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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93