Hakimian Capital Provides $2.7M Acquisition Loan For Boerum Hill Multifamily Property
FINANCED
$2,700,000
+ 2
New York
See Similar DealsMultiFamily6,000 SF
Financed 01/31/2022
FINANCED
Hakimian Capital Provides $2.7M Acquisition Loan For Boerum Hill Multifamily Property
452 Atlantic Avenue, Brooklyn, New York 11217, United States
See Similar DealsMultiFamily6,000 SF
Financed 01/31/2022
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:6,000 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,700,000.00
Monthly NOI$18,000.00
Monthly Debt Service$17,065.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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