facebook
Traded Co logo
Submit
Daily limit: 0/10

Daniel Kaykov Of Poise Property Group Secures $22.1 Million Construction Loan From Preferred Bank

Property Image

New York

See Similar Deals
Development Site
Leased 06/11/2025
the dealplayerscompscontact
Property Image

Daniel Kaykov Of Poise Property Group Secures $22.1 Million Construction Loan From Preferred Bank

259 22nd Street

See Similar Deals
Development Site
Leased 06/11/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site

The asset involved in this transaction is a development site located at 259 22nd Street in Greenwood Heights, Brooklyn. This site is designated for a new residential project that will consist of 40 units. The loan amount secured for this construction project is $22,100,000, provided by Preferred Bank.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $22,100,000
  • Address: 259 22nd Street
  • Market: Greenwood Heights, Brooklyn
  • Units: 40
  • Lender: Preferred Bank
  • Landlord: Daniel Kaykov - Poise Property Group
  • Loan Type: Construction

Daniel Kaykov, representing Poise Property Group, is the landlord involved in this transaction. Poise Property Group has secured financing through Preferred Bank specifically for the construction of the residential project on the development site mentioned.

Players

Preferred Bank
Preferred Bank
LENDER
Daniel Kaykov
Daniel Kaykov
8 deals$52.7M volume
LANDLORD
PG
Poise Property Group
LANDLORD

Details

IMAGE: Daniel Kaykov DATE: 06/11/2025 ADDRESS: 259 22nd Street MARKET: Greenwood Heights, Brooklyn ASSET TYPE: Development Site ~ UNITS: 40 LENDER: Preferred Bank (@InternationalFinanceBank) LANDLORD: Daniel Kaykov - Poise Property Group (@PoisePropertyGroup) LOAN AMOUNT: $22,100,000 LOAN TYPE: Construction NOTE: Poise Property Group secured a $22.1 million construction loan from Preferred Bank for a new 40-unit residential project at 259 22nd Street in Greenwood Heights, Brooklyn.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)-$1,676,244.40
Cash-on-Cash Return0.00%
Monthly Debt Service$139,687.03
Annual Debt Service$1,676,244.40