S3 Capital Provides $10.5M Loan For Development Site In Queens
FINANCED
$10,500,000
New York
See Similar DealsDevelopment Site36,679 SF
Financed 02/26/2021
FINANCED
S3 Capital Provides $10.5M Loan For Development Site In Queens
42-18 147th Street, Queens, Flushing, NY, USA
See Similar DealsDevelopment Site36,679 SF
Financed 02/26/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$286
Total Square Footage:36,679 SF
Transaction Type:Loan
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,500,000.00
Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions