S3 Capital Partners Provides $10.95M Construction Loan For Greenpoint Multifamily
540 Graham Avenue, Brooklyn, New York 11222, United States
$10,950,000
$608/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Jan 24, 2022
AI
The property involved in this transaction is a multifamily asset located at 540-542 Graham Ave., in the Greenpoint market of Brooklyn. The property has a total square footage of 18,000 and consists of 25 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,950,000
- Market: Greenpoint, Brooklyn
- Address: 540-542 Graham Ave.
- Square Footage: 18,000
- Units: 25
The lender involved in this transaction is S3 Capital Partners, represented by Robert Schwartz and Andrew Yakubovich. The loan amount provided for this transaction is $10,950,000, and it is a construction loan. The landlord for this property is Greenline Real Estate, represented by Gilad Tamir and Adam Greenberg.
Note from lender: To learn more about S3 Capital Partners lending program, please email Andrew ([email protected]) for all your loan inquiries.
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
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93