Daniel Kaykov Of Poise Property Group Secures $16.2 Million Construction Loan From Colorado Federal Savings Bank
55 Eckford Street
$16,200,000
$381/SF
Building Size
42,449 SF
Asset Type
Development Site
Closing
May 21, 2026
AI
A construction loan has been secured for a development site located at 55 Eckford Street, measuring 42,449 square feet in Greenpoint, Brooklyn. The total loan amount is $16,200,000. The lender for this transaction is Colorado Federal Savings Bank.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,200,000
- Address: 55 Eckford Street
- Market: Greenpoint, Brooklyn
- Lender: Colorado Federal Savings Bank
- Landlord: Daniel Kaykov - Poise Property Group
- Loan Type: Construction
Daniel Kaykov from Poise Property Group is representing the interests of the landlord in this construction loan transaction, facilitating the development project in the specified location.
Players
Market 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93