Updated Oct 28, 2024
S3 Capital Partners Provides Construction Loan For Prospect Lefferts Gardens Multifamily
143 Winthrop Street, Brooklyn, New York 11225, United States
$4,200,000
$525/SF
Building Size
7,990 SF
Asset Type
MultiFamily
Closing
Jun 7, 2022
About this deal
AI
Robert Schwartz & Steven Jemal have closed a loan deal on a multifamily property located at 143 Winthrop St. in Prospect Lefferts Gardens. The property has a total square footage of 7,990 and consists of 10 units. The loan amount for this transaction was $4,200,000, and it was a construction loan provided by S3 Capital Partners.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 143 Winthrop St.
- Market: Prospect Lefferts Gardens
- Square Footage: 7,990
- Units: 10
- Lender: S3 Capital Partners
If you have any inquiries about this loan, please contact Steven Jemal at [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93