Updated Sep 11, 2026
Hakimian Capital Loans $28M For Construction Of Multifamily Property In Great Neck
733-741 Middle Neck Road
$28,000,000
$301/SF
Building Size
92,861 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
About this deal
AI
The property at 733-741 Middle Neck Road in Great Neck has been involved in a loan transaction. The asset is a multifamily property with a total square footage of 92,861 and consists of 61 units. The loan amount for this transaction is $28,000,000, and it is categorized as a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,000,000
- Address: 733-741 Middle Neck Road
- Market: Great Neck
- Square Footage: 92,861
- Number of Units: 61
The transaction lender is Hakimian Capital, represented by Sammy Hakimian, Michael Hakimian, and Daniel Nadri. They are the key individuals and companies involved in this loan deal.
On the Map
$28,000,000
$301/SF
MultiFamily
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Players
Great Neck 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93