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55 Eckford Street

Daniel Kaykov & Val Katayev Of Poise Property Group Secure $16.2M Loan For Development Site
FINANCEDDevelopment Site

Daniel Kaykov & Val Katayev Of Poise Property Group Secure $16.2M Loan For Development Site

55 Eckford Street

$16,200,000

Building Size

Asset Type

Development Site

Closing

May 20, 2026

AI

The asset involved in this transaction is a development site located at 55 Eckford Street in the Greenpoint market. The loan amount secured for this property is $16,200,000, specifically structured as a construction loan.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $16,200,000
  • Landlord: Daniel Kaykov & Val Katayev - Poise Property Group
  • Loan Originator: Peter Cohen
  • Broker: Leviathan Capital

This transaction is represented by Daniel Kaykov and Val Katayev of Poise Property Group, acting as the landlords. The financing aspect is facilitated by Peter Cohen, who serves as the loan originator. Additionally, the broker for this deal is Leviathan Capital.

Players

Peter Cohen

Originator

$44.6M

vol

9 deals

Originator

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

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