Updated Dec 14, 2024
Hakimian Capital Provides Loan For Acquisition And Renovation Of 5-Unit Multifamily In Greenpoint, Brooklyn
26 Broome Street
$2,900,000
$414/SF
Building Size
6,995 SF
Asset Type
MultiFamily
Closing
Apr 21, 2023
About this deal
AI
Hakimian Capital provided a loan for the acquisition and renovation of a 5-unit multifamily property located at 26 Broome Street in the Greenpoint neighborhood of Brooklyn. The loan amount was $2,900,000, and the transaction involved a quick closing within 1 week of receiving a signed Letter of Intent (LOI).
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Square Footage: 6,995
- Number of Units: 5
- Lender: Hakimian Capital
This loan provided by Hakimian Capital enabled the acquisition and renovation of the 5-unit multifamily property in Greenpoint, Brooklyn. The transaction was closed swiftly, demonstrating the efficiency and responsiveness of Hakimian Capital in facilitating real estate financing.
Players
Market 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93