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F2H Capital Group Secures $3.4M Construction Loan For Mixed-Use Property On Atlantic Avenue In NYC

Property Image
FINANCED
$3,425,000
Farkhad Hasanov
Jeffrey Znaty
+ 2

New York

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Mixed-use6,160 SF
Financed 05/19/2023
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Property Image
FINANCED

F2H Capital Group Secures $3.4M Construction Loan For Mixed-Use Property On Atlantic Avenue In NYC

176 Atlantic Ave Brooklyn, NY 11201, USA

See Similar Deals
Mixed-use6,160 SF
Financed 05/19/2023
Farkhad Hasanov
Jeffrey Znaty
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$556
Total Square Footage:6,160 SF
Transaction Type:Loan

The asset involved in this transaction is a mixed-use property located at 176 Atlantic Avenue in New York City, encompassing a total square footage of 6,160. The loan amount secured for this property is $3,425,000, designated for construction purposes.

Summary of transaction details:

The transaction involved key individuals such as the seller, the Ayoub Family, while the landlord is represented by Kings Capital, which includes George Giannopoulos, Tommy Giannopoulos, and Jeffrey Znaty. The brokerage team of Farrukh Hasanov and Farkhad Hasanov from F2H Capital Group facilitated the loan arrangement, assisting real estate investors with financing solutions.

Players

Farrukh Hasanov
20 deals$180.6M volume
BROKER

Farkhad Hasanov
F2H Capital Group
17 deals$149.7M volume
BROKER

Kassin Sabbagh Realty
BROKERAGE

Jeffrey Znaty
Kings Capital
20 deals$118.3M volume
LANDLORD

George Giannopoulos
Kings Capital
16 deals$76.2M volume
LANDLORD

Thomas Giannopoulos
Kings Capital
6 deals$29.5M volume
LANDLORD

Details

FINANCED
IMAGE: Tommy Giannopoulos, Farkhad Hasanov, George Giannopoulos, Farrukh Hasanov & Jeffrey Znaty DATE: 05/19/2023 ADDRESS: 176 Atlantic Avenue MARKET: New York City ASSET TYPE: Mixed-Use ~ SF: 6,160 SELLER: Ayoub Family LANDLORD: Kings Capital (@KingsCapitalre) - George Giannopoulos (@George___Giannopoulos), Tommy Giannopoulos (@TommyGiaps) & Jeffrey Znaty (@Jeffnyz) BROKERS: Farrukh Hasanov (@Farrukh_H) & Farkhad Hasanov (@Farkhad_Hasan0v) - F2H Capital Group (@F2H.Capital.Group) LOAN AMOUNT: $3,425,000 LOAN TYPE: Construction NOTE FROM BROKER: Located in the heart of New York City while serving nationwide, F2H Capital Group are debt advisors that work with real estate investors that are planning to acquire, refinance or recapitalize commercial real estate properties. For investors who need creative financing solutions for their complicated deals, please reach out to Farrukh Hasanov, 917-679-7995, [email protected] Farkhad Hasanov, 9176-679-8680, [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,425,000.00

Monthly NOI$22,833.33
Monthly Debt Service$21,648.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00