Hakimian Capital Provides $3M Acquisition Loan For Mixed-Use Property On Court Street
423 Court Street
$3,000,000
$857/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Aug 26, 2022
AI
The mixed-use property located at 423 Court Street in Carroll Gardens has been involved in a recent closed transaction. The property spans an area of 3,500 square feet and consists of both residential and commercial units.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Lender: Hakimian Capital - Sammy Hakimian, Daniel Nadri & Michael Hakimian
- Landlord: Eden Ashourzadeh
Hakimian Capital, represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian, provided a loan of $3,000,000 for the acquisition of this property in Carroll Gardens. The lender played a crucial role in facilitating this closed transaction.
Players
Florence 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93