Updated Oct 28, 2024
S3 Capital Partners Provides $3.3M Construction Loan For Park Slope Multifamily Property
480 2nd Street, Brooklyn, New York 11215, United States
$3,300,000
$818/SF
Building Size
4,030 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
The property involved in the transaction is a multifamily asset located at 480 2nd St. in Park Slope, Brooklyn. It has a total square footage of 4,030 and consists of two units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 480 2nd St., Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Square Footage: 4,030
- Units: 2
The lender involved in the transaction is S3 Capital Partners, represented by Robert Schwartz & Steven Jemal. They provided a construction loan of $3,300,000 for the property at 480 2nd St.
If you have any loan inquiries, you can contact Steven Jemal at [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93