Updated Nov 28, 2024
S3 Capital Partners Provides $1.8M Loan For Bed-Stuy Multifamily Acquisition & Construction
$1,800,000
$342/SF
Building Size
5,250 SF
Asset Type
MultiFamily
Closing
Apr 18, 2023
About this deal
AI
A multifamily property located in Bed-Stuy, Brooklyn has recently undergone a loan transaction. The property spans approximately 5,250 square feet and consists of 6 units. This transaction involves both the acquisition and construction of the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Market: Bed-Stuy, Brooklyn
- Asset Type: Multifamily
- Square Footage: 5,250
- Number of Units: 6
S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie, has provided the loan for this transaction. The loan amount is $1,800,000. The loan type encompasses both the acquisition and construction aspects of the property deal.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93