Updated Oct 28, 2024
S3 Capital Partners Provides $3.1M Loan For Construction Completion At 1174 Ogden Ave. In Highbridge, Bronx
1174 Ogden Avenue, The Bronx, New York 10452, United States
$3,100,000
$165/SF
Building Size
18,746 SF
Asset Type
MultiFamily
Closing
May 16, 2022
About this deal
AI
An $3,100,000 loan has been obtained for the construction completion of a multifamily property located at 1174 Ogden Ave in Highbridge, Bronx. The property spans approximately 18,746 square feet and consists of 21 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 1174 Ogden Ave
- Market: Highbridge, Bronx
- Square Footage: 18,746
- Number of Units: 21
The loan was provided by S3 Capital Partners, with Robert Schwartz and Shawn Safdie representing the lender. The loan type is specifically for the construction completion of the property.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93