Updated Dec 4, 2024
Robert Schwartz & Steven Jemal Of S3 Capital Partners Provide $14.05M Construction Loan For Prospect Lefferts Gardens Multifamily
$14,050,000
$275/SF
Building Size
51,000 SF
Asset Type
MultiFamily
Closing
Sep 26, 2023
About this deal
AI
A multifamily property located in Prospect Lefferts Gardens, Brooklyn has recently undergone a loan transaction. The property spans approximately 51,000 square feet and consists of 42 units. The transaction took place on September 26, 2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,050,000
- Market: Prospect Lefferts Gardens, Brooklyn
- Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
- Loan Type: Construction
The loan was provided by Robert Schwartz and Steven Jemal of S3 Capital Partners. Any inquiries regarding the loan can be directed to Steven Jemal at [email protected].
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93