F2H Capital Group Secures $2,600,000 Refinance Loan For Kings Capital Multifamily In Brooklyn
352 Palmetto Street
$2,600,000
$577/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Jun 3, 2026
AI
The property involved in this transaction is a multifamily asset located at 352 Palmetto Street, Brooklyn. The total square footage of the property is 4,500. The loan amount secured for this transaction is $2,600,000, and the type of loan is a refinance.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 352 Palmetto Street
- Market: Brooklyn
- Loan Originator: Farrukh Hasanov & Farkhad Hasanov - F2H Capital Group
- Landlord: Kings Capital
The deal involves key individuals, including George Giannopoulos, Jeff Znaty, Farrukh Hasanov, Farkhad Hasanov, and Tommy Giannopoulos, with Farrukh Hasanov and Farkhad Hasanov representing F2H Capital Group in this transaction. F2H Capital Group serves as debt advisors for real estate investors seeking to refinance or recapitalize commercial real estate properties.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93