Updated Oct 29, 2024
S3 Capital Provides $10.5M Loan For Development Site In Queens
42-18 147th Street, Queens, Flushing, NY, USA
$10,500,000
$286/SF
Building Size
36,679 SF
Asset Type
Development Site
Closing
Feb 25, 2021
About this deal
AI
Located in Queens, the development site at 42-18 147th Street has recently been involved in a closed transaction. The loan for this property was provided by S3 Capital, with a loan amount of $10,500,000. The lenders for this transaction were Robert Schwartz and Andrew Yakubovich.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $10,500,000
- Market: Queens
- Lender: S3 Capital - Robert Schwartz & Andrew Yakubovich
Andrew Yakubovich and Robert Schwartz, representing S3 Capital, were the key individuals involved in this transaction. They facilitated the loan for the development site at 42-18 147th Street in Queens.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93