Updated Oct 29, 2024
S3 Capital Partners Provides $7.5M Construction Loan In Williamsburg, Brooklyn
$7,500,000
$306/SF
Building Size
24,450 SF
Asset Type
MultiFamily
Closing
Mar 10, 2023
About this deal
AI
Located in Williamsburg, Brooklyn, this multifamily property is a closed transaction. The property spans approximately 24,450 square feet and consists of 24 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Market: Williamsburg, Brooklyn
- Loan Type: Construction
S3 Capital Partners has provided a loan of $7,500,000 for the construction of this property. Robert Schwartz and Shawn Safdie, representing S3 Capital Partners, facilitated the loan transaction.
S3 Capital Partners Provides $7.5M Construction Loan In Williamsburg, Brooklyn is logged as a multifamily loan on Traded (2023). The building is 24,450 square feet, implying about 306 per square foot on the published price. Named participants on the S3 Capital Partners Provides $7.5M Construction Loan In Williamsburg, Brooklyn loan are Robert Schwartz, Shawn Safdie. This page is the market file for the S3 Capital Partners Provides $7.5M Construction Loan In Williamsburg, Brooklyn multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this S3 Capital Partners Provides $7.5M Construction Loan In Williamsburg, Brooklyn loan when underwriting similar multifamily product.
Players
Market 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93