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Joshua Brown Rayshaun Addison And Kempthon Mcintosh Secure $2.06M Construction Loan In Brooklyn

Property Image
FINANCED
$2,072,519

New York

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Mixed-use5,600 SF
Financed 03/25/2026
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Property Image
FINANCED

Joshua Brown Rayshaun Addison And Kempthon Mcintosh Secure $2.06M Construction Loan In Brooklyn

1662 Broadway

See Similar Deals
Mixed-use5,600 SF
Financed 03/25/2026
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$370
Total Square Footage:5,600 SF
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use development located at 1662 Broadway in Brooklyn. This asset encompasses a total of 5,600 square feet and consists of 3 units. The loan amount secured for the project is $2,063,750, designated as a construction loan.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,063,750
  • Address: 1662 Broadway
  • Market: Brooklyn
  • Asset Size: 5,600 SF
  • Units: 3
  • Lender: Archwest Capital
  • Landlord: Joshua Brown, Rayshaun Addison & Kempthon Mcintosh
  • Broker: Daniel Hyde - Pushing Forward Development
  • Landlord's Attorney: Christopher Malone - Castello+ Malone

Key individuals involved in this transaction include Joshua Brown, Rayshaun Addison, and Kempthon Mcintosh as the landlords, with Daniel Hyde representing Pushing Forward Development as the broker. The project is supported by the General Contractor K.W. Mcintosh Construction Corp. Noteworthy contributions have been acknowledged from Christopher Calabrese and the legal counsel Castello & Malone.

Players

Daniel Hyde
2 deals$3.7M volume
BROKER

Archwest Capital
LENDER

Christopher J. Calabrese
The CS Organization
17 deals$24.6M volume(718) 612-4699
ORIGINATOR

Details

FINANCED
IMAGE: Joshua Brown, Rayshaun Addison, Kempthon Mcintosh, Daniel Hyde, Christopher J. Calabrese, Christopher J. Merone & Anthony Castellano DATE: 3/25/2026 ADDRESS: 1662 Broadway MARKET: Brooklyn ASSET TYPE: Mixed-use ~ SF: 5,600 ~ UNITS: 3 LENDER: Archwest Capital LANDLORD: Joshua Brown, Rayshaun Addison & Kempthon Mcintosh BROKER: Daniel Hyde (@Danielk.Hyde) - Pushing Forward Development (@PushingForwardDevelopment) LANDLORD'S ATTORNEY: Christopher Malone - Castello+ Malone LOAN AMOUNT: $2,063,750 LOAN TYPE: Construction NOTE FROM BROKER: Pushing Forward Development is proud to partner on another community redevelopment initiative in Bedford-Stuyvesant. In collaboration with key stakeholders, this all privately funded project reflects our continued commitment to thoughtful, neighborhood-focused growth and will bring seven newly constructed homes to the area. We look forward to contributing to the ongoing evolution and vitality of this vibrant Brooklyn community. We are grateful to have K.W. Mcintosh Construction Corp as our General Contractor on this project. Special Thanks to Christopher Calabrese and our counsel Castello & Merone.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,072,519.41

Monthly NOI$13,816.79
Monthly Debt Service$13,099.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00