Updated Oct 29, 2024
S3 Capital Provides $8.3M Acquisition Loan For Multifamily Property On Graham Avenue NYC
285 Graham Avenue, New York city
$8,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 6, 2023
About this deal
AI
The multifamily property located at 285 Graham Avenue in New York City has recently undergone an acquisition. The transaction was facilitated by S3 Capital, a lending institution specializing in real estate financing. The loan amount for this acquisition totaled $8,300,000. The terms of the loan were non-recourse, and the deal was successfully closed in just 14 days, even during the busy holiday season year-end.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,300,000
- Lender: S3 Capital
- BROKERS: Lev Mavashev - Alpha Realty & Jake Gluck - Fortune Capital Group
Lev Mavashev, a representative from Alpha Realty, and Jake Gluck, representing Fortune Capital Group, played key roles in this deal. Lev Mavashev, with his expertise in real estate transactions, showcased the property's potential to the buyer. On the other hand, Jake Gluck, equipped with extensive knowledge of the market, ensured that the deal progressed smoothly for the seller.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93