S3 Capital Partners Loans $14.3M For Development Site At 101 Bruckner Boulevard, Mott Haven, Bronx
FINANCED
$14,300,000
New York
See Similar DealsDevelopment Site370,000 SF
Financed 02/13/2020
FINANCED
S3 Capital Partners Loans $14.3M For Development Site At 101 Bruckner Boulevard, Mott Haven, Bronx
101 Bruckner Blvd, The Bronx, NY 10454, USA
See Similar DealsDevelopment Site370,000 SF
Financed 02/13/2020
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$38
Total Square Footage:370,000 SF
Transaction Type:Loan
A development site located at 101 Bruckner Boulevard in the Mott Haven neighborhood of the Bronx has been involved in a closed transaction. The property, spanning 37,000 square feet, consists of 55 units. The deal was facilitated through a loan provided by S3 Capital Partners, with a loan amount of $14,300,000. Jacob Schwimmer, the landlord, oversaw the transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $14,300,000
- Address: 101 Bruckner Boulevard
- Market: Mott Haven, Bronx
- Square Footage: 37,000
- Units: 55
- Lender: S3 Capital Partners
- Landlord: Jacob Schwimmer
Robert Schwartz, a broker, played a key role in the transaction by handling the loan process on behalf of S3 Capital Partners.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,300,000.00
Monthly NOI$95,333.33
Monthly Debt Service$90,385.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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