Nemeekham Begam Secures $4,900,000 Refinance Loan For Office At 1601 Veterans Memorial Highway
1601 Veterans Memorial Highway
$4,900,000
Building Size
—
Asset Type
Office
Closing
May 22, 2026
AI
The property asset involved in the transaction is an office located at 1601 Veterans Memorial Highway in Islandia. The loan amount for this asset is $4,900,000, associated with a refinance transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,900,000
- Borrower: Nemeekham Begam
- Broker: Kevin Hakimi - Elite Capital Advisors
- Loan Type: Refinance
- Date of Transaction: 05/22/2026
The key individuals involved in this deal include Nemeekham Begam as the borrower and Kevin Hakimi representing Elite Capital Advisors as the broker for this transaction. The broker can be contacted through the website www.EliteCapAdvisors.com or via email at [email protected]. Additionally, Kevin Hakimi can be reached by phone at 516-350-8529 or on LinkedIn at linkedin.com/in/kevinhakimi.
Players
Islandia Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93