Updated Nov 28, 2024
S3 Capital Partners Provides $2.5M Acquisition & Construction Loan For Multifamily Property In Bedford-Stuyvesant, Brooklyn
$2,500,000
$454/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
Dec 22, 2022
About this deal
AI
Located in Bedford-Stuyvesant, Brooklyn, this multifamily property was recently involved in a closed transaction. The property spans approximately 5,500 square feet and is situated in a bustling market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 12/22/2022
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
- Loan Amount: $2,500,000
- Loan Type: Acquisition + Construction
The transaction was facilitated by S3 Capital Partners, represented by Robert Schwartz and Steven Jemal. They acted as the lenders in the deal. For any loan inquiries, interested parties were instructed to reach out to Steven Jemal at [email protected].
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93