A&H Acquisitions, Jackson Group sign $14M refi with Peapack for mixed-use in Boerum Hill

A&H Acquisitions and the Jackson Group through the entity Ca 205 Smith Street LLC as borrower signed a refi loan with lender Peapack Private Bank & Trust valued at $14 million for the mixed-use building (K2) at 205 Smith Street in Boerum Hill, Brooklyn.
The deal closed on December 22, 2025 and was recorded on January 6, 2026. The prior lender was Israel Discount Bank which held debt that had an original loan amount of $15.7 million.The property has 30,000 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $466 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on November 12, 2014, for $18.5 million. The signatory for A&H Acquisitions and Jackson Group was Marcus Adjmi and Gabriel Chehebar .

Prior sales, articles and revenue

The 30,000-square-foot property generated revenue of $1.9 million or $63 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Boerum Hill has 30,000 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,000 square feet. The lot is irregular. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $10.5 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $1,000 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on October 28, 2019. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Boerum Hill, The bulk, or 32 percent of the 9 million square feet of commercial built space are elevator buildings, with mixed-use buildings next occupying 16 percent of the space. In sales, Boerum Hill has 2.3 times the average sales volume among other neighborhoods with $695.6 million in sales volume in the last two years and is the 10th highest in Brooklyn. For development, Boerum Hill has 1.6 times the average amount of major developments relative to other neighborhoods and is the 5th highest in Brooklyn. It had 2.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 26 percent of the neighborhood’s built space. There was one pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of five of the 10 commercial properties representing 94,755 square feet of the 118,238 square feet. The largest owner is Aurora Capital Associates, followed by Nyc Department Of Education and then Louis Locicero.
On the tax block, there was one new building construction project filed totaling 4,998 square feet. It is a four-unit, 4,998 square-foot residential (R-2) building submitted by Xavier Guery with plans filed August 21, 2017 and permitted August 30, 2018.

The majority, or 44 percent of the 118,238 square feet of built space are mixed-use buildings, with specialty buildings next occupying 43 percent of the space.

The borrower

The PincusCo database currently indicates that Jackson Group owned at least eight commercial properties with 33 residential units in New York City with 306,504 square feet and a city-determined market value of $90 million. (Market value is typically about 50% of actual value.) The portfolio has $27.8 million in debt, borrowed from Signature Bank and Safra National Bank. Within the portfolio, the bulk, or 32 percent of the 306,504 square feet of built space are retail properties, with mixed-use properties next occupying 28 percent of the space. The bulk, or 42 percent of the built space, is in Manhattan, with Brooklyn next at 32 percent of the space.
The PincusCo database currently indicates that A&H Acquisitions owned at least four commercial properties in New York City with 286,817 square feet and a city-determined market value of $77.4 million. (Market value is typically about 50% of actual value.) The portfolio has $14.8 million in debt, borrowed from Metropolitan Commercial Bank and Customers Bank. Within the portfolio, the bulk, or 46 percent of the 286,817 square feet of built space are retail properties, with office properties next occupying 45 percent of the space. The bulk, or 45 percent of the built space, is in Manhattan, with Bronx next at 43 percent of the space.

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