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452 Atlantic Avenue, Brookl...

Hakimian Capital Provides $2.7M Acquisition Loan For Boerum Hill Multifamily Property
FINANCEDMultiFamily

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

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Hakimian Capital
Hakimian CapitalLender
Elliot Sohayegh

Elliot Sohayegh

Landlord

$66.5M

vol

10 deals

Landlord

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