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423 Court Street

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

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

Hakimian Capital
Hakimian CapitalLender

Eden Ashourzadeh

Landlord

$120M

vol

40 deals

Landlord

Florence MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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