Uriel Dostov Of Argentum NYC Secures $1.175M Acquisition Loan From Washington Equity & Funding Corp In Bayside NY
$1,175,000
$587/SF
Building Size
2,000 SF
Asset Type
Single Family Residence
Closing
Feb 2, 2026
AI
The asset involved in this transaction is a single-family residence located in Bayside, NY, comprising a total area of 2,000 square feet. The borrower secured a hard money loan amounting to $1,175,000 for acquisition purposes.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,175,000
- Lender: Washington Equity & Funding Corp - Alex Piroozian
- Borrower: Uriel Dostov - Argentum NYC
- Borrower's Attorney: Sunil Agarwal - Sunil Agarwal Esq
- Loan Type: Acquisition
- Loan Terms: Hard Money Loan
Notably, Alex Piroozian represents Washington Equity & Funding Corp in this transaction, which serves the private real estate investment community and has a robust history of quick loan approvals and closings. Uriel Dostov, representing Argentum NYC, is facilitating the acquisition process.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93