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244 Adelphi LLC Acquires Multi-Family Asset In Brooklyn, Fort Greene For $1.35M

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FINANCED
$1,350,000
Daniel Nadri
Michael Hakimian
+ 1

New York

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MultiFamily3,120 SF
Financed 05/16/2019
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FINANCED

244 Adelphi LLC Acquires Multi-Family Asset In Brooklyn, Fort Greene For $1.35M

244 Adelphi Street, Fort Greene, Brooklyn, NY, USA

See Similar Deals
MultiFamily3,120 SF
Financed 05/16/2019
Daniel Nadri
Michael Hakimian
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$432
Total Square Footage:3,120 SF
Transaction Type:Loan

The multi-family property located at 244 Adelphi Street in Brooklyn's Fort Greene neighborhood has been involved in a recent loan transaction. The loan, arranged by Hakimian Capital, was provided to 244 Adelphi LLC. The borrower, Uche Alozie, secured a loan amount of $1,350,000. The property spans a total of 3,120 square feet.

Summary of transaction details

  • Property Type: Multi-Family
  • Transaction Amount: $1,350,000
  • Address: 244 Adelphi Street
  • Market: Brooklyn, Fort Greene

Danny Sassoon, representing the borrower, played a key role in facilitating the loan. Hakimian Capital, led by Sammy Hakimian, Daniel Nadri, and Michael Hakimian, acted as the direct lender in this transaction. Hakimian Capital specializes in providing quick, convenient, and reliable financing solutions for small to mid-balance commercial real estate loans in the New York boroughs.

Players

2 deals$3.3M volume(917) 747-2121
BROKER


Michael Hakimian
Hakimian Capital
15 deals$265.9M volume
BROKER


Daniel Nadri
Hakimian Capital
13 deals$232.9M volume
LENDER

Michael Hakimian
Hakimian Capital
15 deals$265.9M volume
LENDER

13 deals$247.4M volume
LENDER

Hakimian Capital
LENDER

Details

FINANCED
IMAGE: Sammy Hakimian, Daniel Nadri, Michael Hakimian and Danny Sassoon DATE: 05/16/2019 ADDRESS: 244 Adelphi Street MARKET: Brooklyn, Fort Greene ASSET TYPE: Multi-Family LENDER: @HakimianCapital – Sammy Hakimian @SammyHak, Daniel Nadri & @MichaelHakimian BORROWER: 244 Adelphi LLC – Uche Alozie BROKER: Danny Sassoon LOAN AMOUNT: $1,350,000 SF: 3,120 NOTE: Hakimian Capital is a direct lender that offers borrowers speed, convenience and surety of execution on small to mid-balance commercial real estate loans in the boroughs of New York.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,350,000.00

Monthly NOI$9,000.00
Monthly Debt Service$8,532.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00