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Uriel Dostov Of Argentum NYC Secures $1.9M Acquisition Loan For 75 Adelphi Street In Brooklyn

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FINANCED
$1,900,000

New York

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MultiFamily2,400 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Uriel Dostov Of Argentum NYC Secures $1.9M Acquisition Loan For 75 Adelphi Street In Brooklyn

75 Adelphi Street

See Similar Deals
MultiFamily2,400 SF
Financed
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$791
Total Square Footage:2400 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily unit located at 75 Adelphi Street in Brooklyn, featuring 2,400 square feet and consisting of 3 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Lender: Alex Piroozian - Washington Equity & Funding Corp
  • Landlord: Uriel Dostov - Argentum NYC
  • Loan Type: Acquisition
  • Loan Terms: 12 Months, Hard Money Loan
  • Date: 3/5/2026
  • Market: Brooklyn

Key individuals in this transaction include Alex Piroozian, who facilitated the loan through Washington Equity & Funding Corp, and Uriel Dostov, representing Argentum NYC as the landlord. The deal was sourced by Morris Hanan, Argentum's acquisitions analyst, highlighting the active strategy of acquiring residential and development opportunities across NYC, welcoming outreach from owners, brokers, and attorneys to connect directly with him.

Players

Alex Piroozian
Alex Piroozian
8 deals$10.6M volume
LENDER
Washington Equity and Funding Corp
Washington Equity and Funding Corp
LENDER

Details

FINANCED
IMAGE: Alex Piroozian DATE: 3/5/2026 ADDRESS: 75 Adelphi Street MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 2,400 ~ UNITS: 3 LENDER: Alex Piroozian (@Apirooz11294) - Washington Equity & Funding Corp (@WEFundingCorp) LANDLORD: Uriel Dostov - Argentum NYC (@Argentum.NYC) LOAN AMOUNT: $1,900,000 LOAN TYPE: Acquisition LOAN TERMS: 12 Months, Hard Money Loan NOTE FROM LENDER: Closed in 24 hours Serving the Private Real Estate Investment Community for 25+ years Direct Private Lender Fix & Flip | DSCR Loans • In-house underwriting, processing & servicing 1-hour loan approvals Closings in as little as 24 hours (clear title) Up to 100% financing (purchase + renovation) Terms up to 2 years Competitive, market-priced rates 1-5 family & mixed-use properties Loan sizes: $150K-$1M+ Manny or Alex 516-423-9770 [email protected] WEFundingCorp.com NOTE FROM BORROWER: The deal was sourced by Argentum's acquisitions analyst, Morris Hanan. We are actively acquiring residential and development opportunities across NYC. Owners, brokers, and attorneys are welcome to reach out directly to Morris @ [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,900,000.00

Monthly NOI$12,666.67
Monthly Debt Service$12,009.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00