Updated Oct 28, 2024
S3 Capital Partners Provides $4.3M Acquisition Loan For Multifamily Property In Cobble Hill, Brooklyn
43 Douglass Street, Brooklyn, New York 11231, United States
$4,300,000
$823/SF
Building Size
5,225 SF
Asset Type
MultiFamily
Closing
Jan 20, 2022
About this deal
AI
A multifamily property located at 43 Douglass St. in Cobble Hill, Brooklyn has recently been involved in a loan transaction. The property spans an area of approximately 5,225 square feet and consists of four units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Market: Cobble Hill, Brooklyn
The loan for this transaction was provided by S3 Capital Partners, represented by Robert Schwartz & Steven Jemal. The loan amount for the acquisition was $4,300,000.
Note: For any loan inquiries, please contact [email protected].
Players
New York 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93