Updated Aug 31, 2026
Ben Azizi Of BHI Provides $24 Million Construction Loan For 2102 Union Street In Brooklyn
2102 Union Street
$24,000,000
$398/SF
Building Size
60,205 SF
Asset Type
MultiFamily
Closing
May 12, 2026
About this deal
AI
The property asset is a MultiFamily building located at 2102 Union Street in the Brooklyn market. This asset has a total square footage of 60,205 and consists of 96 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $24,000,000
- Loan Type: Construction
- Lender: Ben Azizi - BHI
- Landlord: Hershy Silberstein - Blue Sky Developers
- Broker: Skyline Capital
The transaction involves key individuals such as Ben Azizi, who serves as the lender representing BHI, and Hershy Silberstein, who is the landlord representing Blue Sky Developers. The brokerage firm involved in this deal is Skyline Capital.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Hershy Silberstein to view all their deals.
Browse Brooklyn multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93