S3 Capital Funds Construction Loan For Fort Greene Multifamily With Morris Diamant, Robert Schwartz & Tzvi Krieger
FINANCED
$78,000,000
+ 1
New York
See Similar DealsMultiFamily157,092 SF
Financed 06/15/2023
FINANCED
S3 Capital Funds Construction Loan For Fort Greene Multifamily With Morris Diamant, Robert Schwartz & Tzvi Krieger
19 Rockwell Pl Brooklyn, NY 11217, USA
See Similar DealsMultiFamily157,092 SF
Financed 06/15/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$496
Total Square Footage:157,092 SF
Transaction Type:Loan
Located in Fort Greene, the multifamily property at 19 Rockwell Place recently underwent a closed transaction. Spanning an impressive 157,092 square feet, the property consists of 174 units. The deal was facilitated by Meridian Capital Group, with Morris Diamant and Tzvi Krieger representing the buyer as brokers. Notably, this transaction involved a construction loan, with S3 Capital Partners providing funding.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $78,000,000
- Address: 19 Rockwell Place
- Market: Fort Greene
- Square Footage: 157,092
- Units: 174
S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie, served as the lender for this deal. For any loan inquiries regarding this transaction, interested parties can reach out to Shawn Safdie at [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$78,000,000.00
Monthly NOI$520,000.00
Monthly Debt Service$493,013.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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