Updated Oct 2, 2026
Daniel Kaykov & Ben Tsadyk Secure $9.5M Construction Loan For Development Site In Brooklyn
423 Dean Street
$9,500,000
Building Size
—
Asset Type
Development Site
Closing
Aug 31, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 423 Dean Street in Brooklyn. The loan amount secured for this property is $9,500,000, which is designated for construction purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,500,000
- Borrower: Daniel Kaykov & Ben Tsadyk
- Broker: Peter Cohen - Leviathan Capital
- Loan Type: Construction
- Date: 08/31/2026
Peter Cohen, representing the borrowers, is associated with Leviathan Capital, which specializes in construction loans both in New York and across the country. He can be contacted for any construction or financing needs at 203-414-5969 or via email at [email protected].
On the Map
$9,500,000
Development Site
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Players
Brooklyn 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93