Updated Oct 25, 2024
Hakimian Capital Provides $2.7M Acquisition Loan For Boerum Hill Multifamily Property
452 Atlantic Avenue, Brooklyn, New York 11217, United States
$2,700,000
$450/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Jan 30, 2022
About this deal
AI
Located at 452 Atlantic Avenue in Boerum Hill, this multifamily property encompasses approximately 5,500 square feet and consists of 8 units. The property was recently involved in a closed transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 452 Atlantic Avenue, Boerum Hill
- Market: Boerum Hill
- Square Footage: 5,500
- Units: 8
The lender for this transaction was Hakimian Capital represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian. The loan, with an acquisition purpose, was valued at $2,700,000. The landlord involved in the deal is Elliot Sohayegh.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93