George Giannopoulos, Jeff Znaty & Tommy Giannopoulos Of Kings Capital Secures $8M Bridge Loan For Multifamily Asset
515 East 12th Street
$8,000,000
$859/SF
Building Size
9,309 SF
Asset Type
MultiFamily
Closing
Apr 22, 2026
AI
The property asset involved in this transaction is a multifamily building located at 515 East 12th Street in the East Village market. The asset encompasses a total square footage of 9,309 and is associated with a loan amount of $8,000,000 under a bridge loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 515 East 12th Street
- Market: East Village
- Asset Size: 9,309 SF
- Landlords: George Giannopoulos, Jeff Znaty, and Tommy Giannopoulos - Kings Capital
- Loan Originators: Farrukh Hasanov and Farkhad Hasanov - F2H Capital Group
The deal involved key individuals including landlords George Giannopoulos, Jeff Znaty, and Tommy Giannopoulos, who are associated with Kings Capital. The loan was facilitated by Farrukh Hasanov and Farkhad Hasanov from F2H Capital Group, known for their expertise in providing debt advisory services to real estate investors nationwide. Note that F2H Capital Group specializes in creative financing solutions for complex real estate transactions.
Players
New York 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93