Updated Oct 28, 2024
S3 Capital Partners Provides $8.5M Construction Loan For Multi-Family Property In Brooklyn, NY
442 Degraw Street, Brooklyn, New York 11217, United States
$8,500,000
$862/SF
Building Size
9,853 SF
Asset Type
MultiFamily
Closing
Mar 9, 2022
About this deal
AI
A construction loan of $8,500,000 was secured for a multi-family property located at 442 Degraw St in Brooklyn, NY. The property has a total square footage of approximately 9,853 and is part of the market in Brooklyn, NY.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $8,500,000
- Address: 442 Degraw St, Brooklyn, NY
- Market: Brooklyn, NY
- Asset Type: Multi Family
- Square Footage: 9,853
The loan was provided by S3 Capital Partners, represented by Robert Schwartz and Steven Jemal. For any loan inquiries, interested parties can reach out to Steven Jemal at [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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93