Updated Oct 28, 2024
S3 Capital Partners Provides $7.15M Condo Construction Loan For Jersey City Multi-family Property
368 5th St, Jersey City, New Jersey 07302, United States
$7,150,000
$418/SF
Building Size
17,100 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
About this deal
AI
A multifamily property located at 368 5th St. in Jersey City, NJ has recently undergone a closed transaction. The property spans approximately 17,100 square feet and consists of 18 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,150,000
- Loan Type: Condo Construction
The loan for this property was provided by S3 Capital Partners, represented by Robert Schwartz and Steven Jemal. For any loan inquiries, please contact Steven Jemal at [email protected].
The multifamily loan at 368 5th St, Jersey City, New Jersey 07302, United States in Jersey City, New Jersey financed for $7.2M in 2022. Reported inventory is 17,100 square feet across 18 units, or about 418 per square foot. Named participants on the 368 5th St, Jersey City, New Jersey 07302, United States loan are Steven Jemal, Robert Schwartz. This page is the Jersey City, New Jersey file for the 368 5th St, Jersey City, New Jersey 07302, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else financed near 368 5th St, Jersey City, New Jersey 07302, United States around 2022. Published consideration for 368 5th St, Jersey City, New Jersey 07302, United States is $7.2M, dated 2022. Cite this S3 Capital Partners Provides $7.15M Condo Construction Loan For Jersey City Multi-family Property loan when underwriting similar multifamily product around Jersey City, New Jersey.
Players
Jersey City MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93