facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Loan

/

101 Bruckner Blvd, The Bron...

S3 Capital Partners Loans $14.3M For Development Site At 101 Bruckner Boulevard, Mott Haven, Bronx
FINANCEDDevelopment Site

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

S3 Capital
S3 CapitalLender

Jacob Schwimmer

Landlord

$655.9M

vol

12 deals

Landlord

New York Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

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