S3 Capital Provides $2.6M Loan For Mixed-Use Property On 7th Avenue, Brooklyn
FINANCED
$2,600,000
New York
See Similar DealsMixed-use7,212 SF
Financed 12/28/2020
FINANCED
S3 Capital Provides $2.6M Loan For Mixed-Use Property On 7th Avenue, Brooklyn
469 7th Avenue, Brooklyn, NY, USA
See Similar DealsMixed-use7,212 SF
Financed 12/28/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$360
Total Square Footage:7,212 SF
Transaction Type:Loan
A mixed-use property located at 469 7th Avenue in Brooklyn has been involved in a recent transaction. The loan for this property was provided by S3Capital, in the amount of $2,600,000. The transaction took place on December 28, 2020. The property is owned by Harel Edery, who is also the landlord.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,600,000
- Address: 469 7th Avenue
- Market: Brooklyn
The loan for this property was secured from S3Capital. Harel Edery is the owner and landlord of the property. Robert Schwartz and Harel Edery are pictured in the accompanying image, which was shared on Instagram.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,600,000.00
Monthly NOI$17,333.33
Monthly Debt Service$16,433.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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