Updated Feb 16, 2024
Hakimian Capital Lends $660K Loan For Bronx Multifamily Property On Barnes Avenue
3946 Barnes Ave, The Bronx, NY 10466, USA
$660,000
$9/SF
Building Size
72,000 SF
Asset Type
MultiFamily
Closing
May 14, 2019
About this deal
AI
The multifamily property located at 3946 Barnes Avenue in Bronx, Wakefield was involved in a closed transaction. The property spans across 7,200 square feet and the loan amount for the deal was $660,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $660,000
- Market: Bronx, Wakefield
- Lender: Hakimian Capital - Sammy Hakimian, Daniel Nadri & Michael Hakimian
- Landlord: Eden Ashourzadeh
Hakimian Capital, represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian, served as the direct lender in the deal. The lender offers borrowers a combination of speed, convenience, and surety of execution. It is worth noting that Eden Ashourzadeh is the landlord of the property.
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
24.03%
Cash-on-Cash
-6.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93