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David Halberstam Of Bruklyn Builders Secures $19.2M Construction Loan From S3 Capital In Gowanus Brooklyn
FINANCED
$19,200,000
New York
See Similar DealsIndustrial
Financed 06/11/2025
FINANCED
David Halberstam Of Bruklyn Builders Secures $19.2M Construction Loan From S3 Capital In Gowanus Brooklyn
284 4th Avenue
See Similar DealsIndustrial
Financed 06/11/2025
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
The property asset involved is an industrial facility located at 284 4th Avenue in Gowanus, Brooklyn. The asset consists of 48 residential units and is financed through a construction loan. The loan amount secured for this project is $19,200,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,200,000
- Lender: S3 Capital
- Landlord: David Halberstam - Bruklyn Builders
- Loan Type: Construction
David Halberstam, representing Bruklyn Builders, successfully obtained the construction loan from S3 Capital to support the development of the residential project at the specified address. This transaction highlights the involvement of these key players in the financing of the asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,200,000.00
Monthly NOI$128,000.00
Monthly Debt Service$121,357.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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