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S3 Capital Partners Provides $15.5M Construction Loan For Midwood Multifamily

Property Image
FINANCED
$15,500,000
Robert Schwartz
Max Ralby
AY

New York

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MultiFamily31,563 SF
Financed 06/17/2022
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Property Image
FINANCED

S3 Capital Partners Provides $15.5M Construction Loan For Midwood Multifamily

618 Avenue H, Brooklyn, New York 11230, United States

See Similar Deals
MultiFamily31,563 SF
Financed 06/17/2022
Robert Schwartz
Max Ralby
AY
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$491
Total Square Footage:31,563 SF
Transaction Type:Loan

The closed property transaction in Midwood, Brooklyn involves a multifamily asset located at 618 Avenue H. The property spans a total square footage of 31,563 and comprises 46 units. The market value of this multifamily property was not disclosed in the provided information.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,500,000
  • Address: 618 Avenue H, Midwood, Brooklyn
  • Square Footage: 31,563
  • Units: 46

The loan for this transaction was provided by S3 Capital Partners, represented by Robert Schwartz and Andrew Yakubovich. The lender is known for their involvement in construction loans. HKS Real Estate Advisors, with Max Ralby as the broker, facilitated the deal.

Players

Max Ralby
Newmark
Max Ralby
74 deals$3.8B volume
BROKER
HKS Real Estate Advisors
HKS Real Estate Advisors
BROKERAGE
AY
S3 Capital
Andrew Yakubovich
4 deals$53.5M volume
LENDER
S3 Capital
S3 Capital
LENDER

Details

FINANCED
IMAGE: Robert Schwartz, Andrew Yakubovich & Max Ralby DATE: 06/17/2022 ADDRESS: 618 Avenue H MARKET: Midwood, Brooklyn ASSET TYPE: Multifamily ~ SF: 31,563 ~ UNITS: 46 LENDER: S3 Capital Partners - Robert Schwartz & Andrew Yakubovich BROKER: Max Ralby - HKS Real Estate Advisors LOAN AMOUNT: $15,500,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,500,000.00

Monthly NOI$103,333.33
Monthly Debt Service$97,970.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00