Habitat Living NYC Acquires Park Slope Multifamily For $3.1M With @S3Capital Financing
FINANCED
$3,075,000
New York
See Similar DealsMultiFamily52,130 SF
Financed 01/13/2020
FINANCED
Habitat Living NYC Acquires Park Slope Multifamily For $3.1M With @S3Capital Financing
708 Degraw St, Brooklyn, NY 11217, USA
See Similar DealsMultiFamily52,130 SF
Financed 01/13/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$59
Total Square Footage:52,130 SF
Transaction Type:Loan
The multifamily property located at 708 Degraw Street in Park Slope, Brooklyn has been sold in a closed transaction. The property spans a total of 5,213 square feet and consists of 3 units. The acquisition loan, provided by S3 Capital, amounted to $3,075,000. The loan terms specify that the property will be converted into a 3-unit condo building. The transaction was facilitated by brokers Steven Jemal and Robert Schwartz from an undisclosed agency.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,075,000
- Property Size: 5,213 square feet
- Address: 708 Degraw Street, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
Habitat Living NYC, represented by Elie Scharf, served as the landlord for the transaction. Please note that no further information about the buyer is available.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,075,000.00
Monthly NOI$20,500.00
Monthly Debt Service$19,436.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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