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329 Woodbine Street, Brookl...

Updated Oct 28, 2024

Woodbine Partners Acquires Multifamily Property In Bushwick For $1.4M With Loan From Hakimian Capital
FINANCEDMultiFamily

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

About this deal

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.

On the Map

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$1,400,000

$437/SF

MultiFamily

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Players

Hakimian Capital
Hakimian CapitalLender

Sinai Sassouni

Landlord

$15.4M

vol

7 deals

Landlord
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $437 per square foot on a published $1.4M for 3,200 square feet (2022).

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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

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