Uriel Dostov Of Argentum NYC Secures $1.9M Acquisition Loan For 75 Adelphi Street In Brooklyn
75 Adelphi Street
$1,900,000
$791/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Mar 4, 2026
AI
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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93