Updated Feb 16, 2024
Hakimian Capital Provides $8.45M Bridge Loan For Brooklyn Multifamily Acquisition
195 Meserole Street, Brooklyn, NY, USA
$8,450,000
$466/SF
Building Size
18,125 SF
Asset Type
MultiFamily
Closing
Nov 4, 2021
About this deal
AI
The multifamily property located at 195 Meserole Street, 196 Bergen Street, 390 Seneca Ave., and 215 Montrose Ave. in Brooklyn was involved in a recent transaction. The property spans a total square footage of 18,125 and falls under the asset type of Multifamily.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,450,000
- Market: Brooklyn
- Lender: Hakimian Capital - Sammy Hakimian, Daniel Nadri, and Michael Hakimian
- Landlord: Eden Ashourzadeh
- Loan Type: Bridge loan
Hakimian Capital, represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian, provided a bridge loan for the acquisition and renovation of the property. As a longtime repeat client, the borrower chose Hakimian Capital for their surety of execution and streamlined process. The lender conducted all due diligence and underwriting in-house, saving the borrower from paying unnecessary third-party fees.
On the Map
$8,450,000
$466/SF
MultiFamily
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Players
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
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93