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
About this deal
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.
On the Map
$2,600,000
$360/SF
Mixed-use
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Players
Brooklyn 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