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Loan · Land

Updated Aug 28, 2026

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Shawn Safdie Of S3 Capital Provides $9,300,000 Acquisition Loan For Land In Park Slope
FINANCEDLand

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

Shawn Safdie

S3 Capital

Lender

$2.1B

vol

93 deals

Lender

Market Land Market Snapshot

Boundary boundary · Land · Loan transactions

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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

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