Woodbine Partners Acquires Multifamily Property In Bushwick For $1.4M With Loan From Hakimian Capital
329 Woodbine Street, Brooklyn, New York 11237, United States
$1,400,000
$437/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
May 10, 2022
AI
Located at 329 Woodbine St. in Bushwick, this multifamily property is a prime investment opportunity. With a total square footage of 3,200, this property consists of 4 units, making it an attractive asset in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Lender: Hakimian Capital - Sammy Hakimian, Daniel Nadri & Michael Hakimian
- Landlord: Woodbine Partners - Sinai Sassouni
Hakimian Capital, represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian, provided a loan amount of $1,400,000 for the acquisition of this property. Woodbine Partners, led by Sinai Sassouni, serves as the landlord for this multifamily asset. With its attractive location in Bushwick and its spacious units, this property presents a promising investment opportunity.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93