Updated Oct 28, 2024
S3 Capital Partners Provides $3.4M Loan For Park Slope Multifamily Acquisition
340 6th Avenue, Brooklyn, New York 11215, United States
$3,400,000
$648/SF
Building Size
5,240 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
Located at 340 6th Ave. in Park Slope, Brooklyn, this multifamily property spans a total of 5,240 square feet and comprises four units. The transaction for this property took place on April 12, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Address: 340 6th Ave., Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Square Footage: 5,240
- Units: 4
The lender involved in this transaction is S3 Capital Partners, represented by Robert Schwartz and Steven Jemal. The loan amount provided for this deal is $3,400,000 and falls under the category of Condo Inventory.
If you have any loan inquiries regarding this transaction, please reach out to Steven at [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93