Shawn Safdie Of S3 Capital Provides $2,725,000 Loan For Brooklyn Land Acquisition
$2,725,000
$201/SF
Building Size
13,500 SF
Asset Type
Land
Closing
Jun 30, 2026
AI
The property involved in this transaction is a land asset located in Brooklyn, with a total square footage of 13,500. The loan amount secured for this acquisition is $2,725,000, which is earmarked for a future residential renovation.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,725,000
- Market: Brooklyn
- Lender: Shawn Safdie - S3 Capital
- Loan Type: Acquisition
- Asset Size: 13,500 SF
- Note from Lender: Land acquisition for a future residential renovation.
Shawn Safdie from S3 Capital serves as the lender providing the financing for this acquisition. S3 Capital specializes in financing multifamily transactions across various markets, emphasizing loan opportunities exceeding $1 million.
Players
Market Land Market Snapshot
Boundary boundary · Land · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93