Updated Dec 4, 2024
S3 Capital Partners Provides $4.6M Refinance & Construction Loan For Bushwick Multifamily
$4,600,000
$360/SF
Building Size
12,750 SF
Asset Type
MultiFamily
Closing
Oct 10, 2023
About this deal
AI
A multifamily property located in Bushwick, Brooklyn has undergone a loan transaction. The property consists of 10 units and spans an area of 12,750 square feet. The transaction was facilitated by Robert Schwartz, Shawn Safdie, and Steven Jemal, representing S3 Capital Partners.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Loan Type: Refinance + Construction
S3 Capital Partners, represented by Robert Schwartz, Shawn Safdie, and Steven Jemal, provided a loan amount of $4,600,000 for the multifamily property in Bushwick, Brooklyn. The loan encompasses both refinancing and construction aspects, allowing for potential enhancements or renovations to the property.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Steven Jemal 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93