Hakimian Organization borrows $15.5M from Bank Leumi for newly built LIC multifamily

The Hakimian Organization through the entity 27th Street Partners, LLC as borrower signed a loan agreement with lender Bank Leumi valued at $15.5 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 46 residential units at 41-32 27th Street in Long Island City. The deal closed on May 26, 2020 and was recorded on August 4, 2020.
The property contains a total of 43,808 square feet of built space.
The average loan per unit is $336,957.
The last time the property sold was May 5, 2014, for $5,000,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 46 residential units on August 5, 2019.

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