Updated Oct 28, 2024
S3 Capital Partners Provides $5.7M Loan For Multifamily Construction Completion, Flatbush Brooklyn
1915 Beverley Road, Brooklyn, New York 11226, United States
$5,700,000
$392/SF
Building Size
14,528 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
About this deal
AI
The multifamily property located at 1915 Beverley Rd. in Flatbush, Brooklyn was recently involved in a loan transaction. The property spans approximately 14,528 square feet and comprises 18 units. The loan was for the purpose of construction completion.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,700,000
- Address: 1915 Beverley Rd., Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
- Asset Type: Multifamily
- Square Footage: 14,528
- Units: 18
The lender involved in this transaction was S3 Capital Partners, specifically represented by Robert Schwartz and Shawn Safdie.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Robert Schwartz to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93