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Hakimian Capital Provides $3M Acquisition Loan For Mixed-Use Property On Court Street

Property Image
FINANCED
$3,000,000

New York

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MultiFamily3,500 SF
Financed 08/26/2022
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Property Image
FINANCED

Hakimian Capital Provides $3M Acquisition Loan For Mixed-Use Property On Court Street

423 Court Street

See Similar Deals
MultiFamily3,500 SF
Financed 08/26/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$857
Total Square Footage:3,500 SF
Transaction Type:Loan

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

Hakimian Capital
Hakimian Capital
LENDER
EA
Eden Ashourzadeh
37 deals$116.7M volume
LANDLORD
EA
Eden Ashourzadeh
37 deals$116.7M volume
LANDLORD

Details

FINANCED
IMAGE: Sammy Hakimian, Michael Hakimian & Daniel Nadri DATE: 08/26/2022 ADDRESS: 423 Court Street MARKET: Carroll Gardens ASSET TYPE: Mixed-use ~ SF: 3,500 LENDER: Hakimian Capital (@HakimianCapital) - Sammy Hakimian (@SammyHak), Daniel Nadri & Michael Hakimian (@MichaelHakimian) LANDLORD: Eden Ashourzadeh LOAN AMOUNT: $3,000,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,000,000.00

Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00