S3 Capital Partners Provides $34 Million Refinance Loan For Condo At 362 Avenue U Brooklyn
362 Avenue U
$34,000,000
$1,211/SF
Building Size
28,061 SF
Asset Type
Condo
Closing
Dec 18, 2025
AI
The property asset involved in this transaction is a condo located at 362 Avenue U in the Brooklyn market. It spans a total square footage of 28,061 and has a loan amount of $34,000,000, with a loan type categorized as refinance.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $34,000,000
- Address: 362 Avenue U
- Market: Brooklyn
- Asset Size: 28,061 SF
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital Partners
- Landlord: Lee Cohen
Key individuals in this transaction include Robert Schwartz and Shawn Safdie, representing S3 Capital Partners as the lenders. Their firm actively finances multifamily transactions across various markets, specifically focusing on opportunities exceeding $1 million. Reach out to Shawn at [email protected] for any loan inquiries.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93