Updated Jun 30, 2026
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
About this deal
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.
On the Map
$16,200,000
$381/SF
Development Site
View full map
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Visit Daniel Kaykov to view all their deals.
Browse New York development site loans on Traded.
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