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352 Palmetto Street

F2H Capital Group Secures $2,600,000 Refinance Loan For Kings Capital Multifamily In Brooklyn
FINANCEDMultiFamily

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:

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

Farrukh Hasanov

F2H Capital Group

Originator

$180.6M

vol

20 deals

Originator

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