Updated Oct 28, 2024
S3 Capital Partners Provides $4.5M Construction Loan For Greenpoint Multifamily Property
193 Greenpoint Avenue, Brooklyn, New York 11222, United States
$4,500,000
$501/SF
Building Size
8,979 SF
Asset Type
MultiFamily
Closing
Mar 1, 2022
About this deal
AI
A loan of $4,500,000 was secured for the property located at 193 Greenpoint Ave in Greenpoint, Brooklyn. The property is a multifamily building with a total square footage of 8,979 and consists of 10 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 193 Greenpoint Ave
- Market: Greenpoint, Brooklyn
- Square Footage: 8,979
- Number of Units: 10
The loan for the property was provided by S3 Capital Partners, with Robert Schwartz representing the lender.
The multifamily loan at 193 Greenpoint Avenue, Brooklyn, New York 11222, United States in New York, New York financed for $4.5M in 2022. Reported inventory is 8,979 square feet across 10 units, or about 501 per square foot. Named participants on the 193 Greenpoint Avenue, Brooklyn, New York 11222, United States loan are Robert Schwartz. This page is the New York, New York file for the 193 Greenpoint Avenue, Brooklyn, New York 11222, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 193 Greenpoint Avenue, Brooklyn, New York 11222, United States around 2022. Published consideration for 193 Greenpoint Avenue, Brooklyn, New York 11222, United States is $4.5M, dated 2022. Cite this S3 Capital Partners Provides $4.5M Construction Loan For Greenpoint Multifamily Property loan when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93