S3 Capital Provides $3.6M Loan For Rego Park Development Site
FINANCED
$3,600,000
New York
See Similar DealsDevelopment Site150,000 SF
Financed 01/28/2020
FINANCED
S3 Capital Provides $3.6M Loan For Rego Park Development Site
99-45 66th Ave, Flushing, NY 11374, USA
See Similar DealsDevelopment Site150,000 SF
Financed 01/28/2020
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$24
Total Square Footage:150,000 SF
Transaction Type:Loan
An undisclosed development site in Rego Park has been sold in a closed transaction. The property, located at 99-45 66th Avenue, spans a total of 15,000 square feet. It offers the potential for 12 units to be built on the site. The purchase price for the property was not disclosed.
Summary of transation details
- Property Type: Development site
- Transaction Amount: Not disclosed
- Loan Amount: $3,600,000
- BSF: 15,000
- Units: 12
- Lender: S3 Capital – Robert Schwartz, Steven Jemal
- Landlord: Robert Maks
- Brokers: Morris Betesh & Phil Galligan
The deal was facilitated by brokers Morris Betesh and Phil Galligan on behalf of the undisclosed parties involved. Robert Schwartz and Steven Jemal from S3 Capital provided the loan amount of $3,600,000. Robert Maks acted as the landlord in the transaction.
Players
BROKERAGE
LENDER
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
$3,600,000.00
Monthly NOI$24,000.00
Monthly Debt Service$22,754.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions