S3 Capital Partners Provides $34 Million Refinance Loan For Condo At 362 Avenue U Brooklyn
FINANCED
$34,000,000
New York
See Similar DealsCondo28,061 SF
Financed 12/19/2025
FINANCED
S3 Capital Partners Provides $34 Million Refinance Loan For Condo At 362 Avenue U Brooklyn
362 Avenue U
See Similar DealsCondo28,061 SF
Financed 12/19/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,211
Total Square Footage:28,061 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,000,000.00
Monthly NOI$226,666.67
Monthly Debt Service$214,903.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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