S3 Capital Partners Provides $4M Acquisition Loan For Mixed-Use Property In NoLita
FINANCED
$4,000,000
+ 1
New York
See Similar DealsMixed-use6,269 SF
Financed 01/11/2022
FINANCED
S3 Capital Partners Provides $4M Acquisition Loan For Mixed-Use Property In NoLita
240 Elizabeth Street, New York City, New York 10012, United States
See Similar DealsMixed-use6,269 SF
Financed 01/11/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$638
Total Square Footage:6,269 SF
Transaction Type:Loan
The property asset involved in the transaction is located at 240 Elizabeth St. in the NoLita market. It is a mixed-use property with a square footage of 6,570 and a loan amount of $4,000,000 secured for acquisition purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
- Address: 240 Elizabeth St.
- Market: NoLita
- Lender: S3 Capital Partners
- Lender Representatives: Steven Jemal & Rob Schwartz
- Landlord: David Habif & Lenny Sporn
- Loan Type: Acquisition
The individuals involved in the deal include Steven Jemal and Rob Schwartz, who represent the lenders from S3 Capital Partners, while the landlords, David Habif and Lenny Sporn, are the counterparts in this transaction.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions