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19 Rockwell Pl Brooklyn, NY...

S3 Capital Funds Construction Loan For Fort Greene Multifamily With Morris Diamant, Robert Schwartz & Tzvi Krieger
FINANCEDMultiFamily

S3 Capital Funds Construction Loan For Fort Greene Multifamily With Morris Diamant, Robert Schwartz & Tzvi Krieger

19 Rockwell Pl Brooklyn, NY 11217, USA

$78,000,000

$496/SF

Building Size

157,092 SF

Asset Type

MultiFamily

Closing

Jun 15, 2023

AI

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].

Players

Morris Diamant

Meridian Capital Group

Broker

$543.3M

vol

25 deals

Broker
Shawn Safdie

Shawn Safdie

S3 Capital

Lender

$1.9B

vol

83 deals

Lender
S3 Capital
S3 CapitalLender

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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93