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469 7th Avenue, Brooklyn, N...

S3 Capital Provides $2.6M Loan For Mixed-Use Property On 7th Avenue, Brooklyn
FINANCEDMixed-use

S3 Capital Provides $2.6M Loan For Mixed-Use Property On 7th Avenue, Brooklyn

469 7th Avenue, Brooklyn, NY, USA

$2,600,000

$360/SF

Building Size

7,212 SF

Asset Type

Mixed-use

Closing

Dec 27, 2020

AI

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.

Players

S3 Capital
S3 CapitalLender

Harel Edery

Landlord

$27.6M

vol

4 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93