George Giannopoulos & Jeff Znaty Secure $15,555,000 Construction Loan For Development Site In Nolita
233 Mott Street
$15,555,000
$1,275/SF
Building Size
12,200 SF
Asset Type
Development Site
Closing
Jul 24, 2026
AI
The loan transaction involves a development site located at 233 Mott Street in the Nolita neighborhood of Manhattan, covering an area of 12,200 square feet. The total loan amount secured for this construction project is $15,555,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,555,000
- Borrower: George Giannopoulos & Jeff Znaty - Kings Capital
- Brokers: Farrukh Hasanov & Farkhad Hasanov - F2H Capital Group
- Loan Type: Construction
George Giannopoulos and Jeff Znaty, representing Kings Capital, are the borrowers in this transaction. The brokers facilitating the deal are Farrukh Hasanov and Farkhad Hasanov from F2H Capital Group, who specialize in construction and bridge financing for commercial real estate investors, providing tailored financing solutions for complex transactions.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93