S3 Capital Partners Loans $14.3M For Development Site At 101 Bruckner Boulevard, Mott Haven, Bronx
101 Bruckner Blvd, The Bronx, NY 10454, USA
$14,300,000
$38/SF
Building Size
370,000 SF
Asset Type
Development Site
Closing
Feb 12, 2020
AI
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
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93