Shawn Safdie Of S3 Capital Provides $9,300,000 Acquisition Loan For Land In Park Slope
$9,300,000
Building Size
—
Asset Type
Land
Closing
Jul 28, 2026
About this deal
AI
The transaction involved a land acquisition for a parking garage situated in Park Slope, Brooklyn. The loan amount secured for this acquisition was $9,300,000, aimed at facilitating a future residential conversion.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $9,300,000
- Lender: Shawn Safdie - S3 Capital
- Loan Type: Acquisition
- Market: Park Slope, Brooklyn
- Note from Lender: Acquisition of a parking garage for a future residential conversion.
Shawn Safdie represents S3 Capital, which is a leading capital provider actively financing multifamily transactions across various markets, particularly focusing on loan opportunities exceeding $1 million.
Players
Market Land Market Snapshot
Boundary boundary · Land · Loan transactions
Loading comparables…
Deal FAQ
Browse New York land loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93