Updated Nov 28, 2024
S3 Capital Partners Provides $3.7M Construction Loan For Multifamily Property In Prospect Heights, Brooklyn
$3,700,000
$485/SF
Building Size
7,619 SF
Asset Type
MultiFamily
Closing
Mar 22, 2023
About this deal
AI
A multifamily property in Prospect Heights, Brooklyn has recently secured a construction loan. The property spans approximately 7,619 square feet and consists of four units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Market: Prospect Heights, Brooklyn
- Asset Type: Multifamily
- Square Footage: 7,619
- Units: 4
The lender providing the construction loan for this property is S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie.
S3 Capital Partners Provides $3.7M Construction Loan For Multifamily Property In Prospect Heights, Brooklyn is logged as a multifamily loan on Traded (2023). Reported inventory is 7,619 square feet across 4 units, or about 485 per square foot. Named participants on the S3 Capital Partners Provides $3.7M Construction Loan For Multifamily Property In Prospect Heights, Brooklyn loan are Robert Schwartz, Shawn Safdie. This page is the Brooklyn file for the S3 Capital Partners Provides $3.7M Construction Loan For Multifamily Property In Prospect Heights, Brooklyn multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Brooklyn sit in the Market section below. Cite this S3 Capital Partners Provides $3.7M Construction Loan For Multifamily Property In Prospect Heights, Brooklyn loan when underwriting similar multifamily product around Brooklyn.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93