Updated Dec 4, 2024
S3 Capital Partners Provides $1.8M Acquisition & Construction Loan For Bed-Stuy Multifamily Property
$1,800,000
$342/SF
Building Size
5,250 SF
Asset Type
MultiFamily
Closing
Apr 18, 2023
About this deal
AI
A multifamily property located in Bed-Stuy, Brooklyn has recently undergone a closed transaction. The property spans approximately 5,250 square feet and consists of 6 units. The deal involved an acquisition and construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Market: Bed-Stuy, Brooklyn
- Property Size: 5,250 square feet
- Number of Units: 6
The lender in this transaction was S3 Capital Partners, with Robert Schwartz and Shawn Safdie representing the firm. The loan amount was $1,800,000.
S3 Capital Partners Provides $1.8M Acquisition & Construction Loan For Bed-Stuy Multifamily Property is logged as a multifamily loan on Traded (2023). The building is 5,250 square feet, implying about 342 per square foot on the published price. Named participants on the S3 Capital Partners Provides $1.8M Acquisition & Construction Loan For Bed-Stuy Multifamily Property loan are Robert Schwartz, Shawn Safdie. This page is the market file for the S3 Capital Partners Provides $1.8M Acquisition & Construction Loan For Bed-Stuy Multifamily Property 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 $1.8M Acquisition & Construction Loan For Bed-Stuy Multifamily Property 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93