Woodbine Partners Acquires Multifamily Property In Bushwick For $1.4M With Loan From Hakimian Capital
FINANCED
$1,400,000
New York
See Similar DealsMultiFamily3,200 SF
Financed 05/11/2022
FINANCED
Woodbine Partners Acquires Multifamily Property In Bushwick For $1.4M With Loan From Hakimian Capital
329 Woodbine Street, Brooklyn, New York 11237, United States
See Similar DealsMultiFamily3,200 SF
Financed 05/11/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$437
Total Square Footage:3,200 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,400,000.00
Monthly NOI$9,333.33
Monthly Debt Service$8,848.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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