Poise Property signs $6M construction loan with MidFirst Bank in Greenpoint

Poise Property Group through the entity 151 Freeman Street LLC as borrower signed a new construction loan with lender MidFirst Bank valued at $6 million for a project at 151 Freeman Street in Greenpoint, Brooklyn.

On the lot, there is one active new building construction project, 321599267, for a seven-unit, 9,99 square-foot residential (R-2) building. The project was submitted by Asaf Ben-Nun with plans filed December 10, 2020 and permitted July 12, 2021.
The loan closed on March 21, 2025 and was recorded on April 16, 2025.
The owner bought the property on October 10, 2024, for $4.5 million. The signatory for Poise Property Group was Daniel Kaykov .

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 $2,500 in ECB penalties in the last year.

The block

On this tax block, PincusCo has identified the owners of 36 of the 42 commercial properties representing 160,068 square feet of the 183,623 square feet. The largest owner is Manjula Mukhopadhyay, followed by Malina Nealis and then Michael Gut.

The majority, or 77 percent of the 183,623 square feet of built space are walkup buildings, with mixed-use buildings next occupying 17 percent of the space.

The borrower

The PincusCo database currently indicates that Poise Property Group owned at least two commercial properties with 26 residential units in New York City with 49,849 square feet and a city-determined market value of $1.4 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 85 percent of the 49,849 square feet of built space are elevator properties, with I9 properties next occupying 15 percent of the space. They are all located in Brooklyn.

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