Updated Oct 29, 2024
S3 Capital Partners Provides $4.85M Acquisition & Construction Loan In Cobble Hill, Brooklyn
$4,850,000
$525/SF
Building Size
9,225 SF
Asset Type
Development Site
Closing
Apr 13, 2023
About this deal
AI
A multifamily property located in Cobble Hill, Brooklyn has recently undergone a closed transaction. The property spans approximately 9,225 square feet, offering ample space for residents.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,850,000
The lender, S3 Capital Partners, played a pivotal role in this transaction. The loan was facilitated by Robert Schwartz and Shawn Safdie from S3 Capital Partners, showcasing their expertise in the field.
This deal involved an acquisition and construction loan worth $4,850,000. The loan served as crucial financial support for the acquisition and subsequent construction processes related to the multifamily property in Cobble Hill, Brooklyn.
Players
Market 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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93