Updated Sep 9, 2026
Andrew Kamkar's 181 N 8th LLC Secures $3.1M Bridge Loan For Williamsburg Multifamily Property
181 North 8th Street
$3,100,000
$751/SF
Building Size
4,125 SF
Asset Type
MultiFamily
Closing
Aug 18, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 181 North 8th Street in Williamsburg, Brooklyn. The building encompasses a total square footage of 4,125 and comprises 5 units. The acquisition/bridge loan made for this property amounts to $3,100,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,100,000
- Address: 181 North 8th Street
- Market: Williamsburg
- Square Footage: 4,125
- Units: 5
- Lender: Michael Hakimian, Sammy Hakimian & Daniel Nadri - Hakimian Capital
- Borrower: Andrew Kamkar – 181 N 8th LLC
- Loan Type: Bridge
This transaction involved key individuals and representatives from Hakimian Capital, including Michael Hakimian, Sammy Hakimian, and Daniel Nadri, who provided the financing. The loan is aimed at assisting the borrower, Andrew Kamkar, in acquiring, renovating, and repositioning the vacant multifamily property.
On the Map
$3,100,000
$751/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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93