Updated Oct 28, 2024
S3 Capital Partners Provides $3.5M Acquisition Loan For Multi-Family Property In Brooklyn, NY
184 Stuyvesant Avenue, Brooklyn, New York 11221, United States
$3,500,000
$402/SF
Building Size
8,700 SF
Asset Type
MultiFamily
Closing
Feb 28, 2022
About this deal
AI
Located at 184 Stuyvesant Ave in Brooklyn, NY, this multi-family property spans approximately 8,700 square feet. The transaction took place on 03/01/2022.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $3,500,000
- Market: Brooklyn, NY
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
- Loan Type: Acquisition
The loan for this acquisition was provided by S3 Capital Partners, specifically Robert Schwartz & Steven Jemal. For loan inquiries, interested parties can reach out to Steven Jemal at [email protected].
Players
New York 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93