Bahram Hakakian obtained financing of $7M from FIRST REPUBLIC BANK

Bahram Hakakian through the entity ALLIED XXVI LLC as borrower signed a loan agreement with lender FIRST REPUBLIC BANK valued at $6.9 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 32 residential units at 182 Avenue A in East Village. The deal closed on July 02, 2019 and was recorded on July 17, 2019.
The property contains a total of 19,671 square feet of built space. The property has 4,279 square feet of available development rights.
The average loan per unit is $215,625.
The last time the property sold was January 02, 2009, for $1,252,452.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $76,700.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link