Updated Sep 9, 2024
S3 Capital Provides $2.6M Construction Loan For Development Site In Greenpoint
122 Huron Street, Brooklyn, New York 11222, United States
$2,600,000
$931/SF
Building Size
2,792 SF
Asset Type
Development Site
Closing
Oct 3, 2022
About this deal
AI
Located at 122 Huron Street in the Greenpoint market, this Development Site transaction recently took place. The property encompasses a total of 2,792 square feet with a buildable square footage of 5,584. The transaction was recorded on 10/04/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,600,000
- Address: 122 Huron Street
- Market: Greenpoint
- Buildable Square Footage: 5,584
- Total Square Footage: 2,792
The loan for this transaction was provided by S3 Capital, with a loan amount of $2,600,000. The loan type for this transaction is construction. Greg Filipovich served as the landlord in this deal, while Kennedy Dunn from Leviathan Capital acted as the broker representing the parties involved.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93