Updated Oct 29, 2024
S3 Capital Partners Provides $2.55M Acquisition & Construction Loan For New York City Multifamily
$2,550,000
$398/SF
Building Size
6,400 SF
Asset Type
MultiFamily
Closing
Mar 22, 2023
About this deal
AI
A multifamily property in New York City has recently undergone a closed transaction involving a loan. The property spans a total of 6,400 square feet and consists of seven units. The deal was facilitated by S3 Capital Partners, with Robert Schwartz and Steven Jemal representing the lending company.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Market: New York City
- Square Footage: 6,400
- Number of Units: 7
S3 Capital Partners, represented by Robert Schwartz and Steven Jemal, provided a loan of $2,550,000 for the acquisition and construction of the multifamily property. For any loan inquiries, interested parties can reach out to Steven Jemal at [email protected].
Players
Market 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93