Updated Aug 20, 2026
Yaroslav Goldberg & Yevgeniy Stepankovskiy Secure $8.5M Loan From Citysmart Real Estate In Brooklyn
2019 Nostrand Avenue
$8,500,000
Building Size
—
Asset Type
Development Site
Closing
Aug 7, 2026
About this deal
AI
The development site located at 2019 Nostrand Avenue, Brooklyn, is associated with a construction loan for a planned ambulatory health facility. The asset consists of approximately 9,794 square feet and is situated in East Flatbush. The project is backed by a loan amount of $8,500,000 from Citysmart Real Estate.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,500,000
- Address: 2019 Nostrand Avenue
- Market: Brooklyn
- Asset Type: Development Site
- Building Square Footage: 9,794
- Lender: Citysmart Real Estate
- Landlord: Yaroslav Goldberg & Yevgeniy Stepankovskiy
- Loan Type: Construction
Yaroslav Goldberg and Yevgeniy Stepankovskiy are the key individuals involved as the landlords in this transaction, working on the development of the ambulatory health facility in collaboration with Citysmart Real Estate, the lender providing the necessary funding for the construction project.
Players
Avenue Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93