Updated Feb 16, 2024
S3 Capital Provides $2.4M Construction Loan For Bed-Stuy Multifamily Development
727 Dekalb Ave, Brooklyn, NY 11216, USA
$2,400,000
$852/SF
Building Size
2,816 SF
Asset Type
MultiFamily
Closing
Aug 2, 2020
About this deal
AI
The loan for the development of a new 10-unit building at 727 DeKalb Avenue in Bed-Stuy, Brooklyn has been secured by Jacob Leifer, the landlord. The loan was provided by S3 Capital for a total amount of $2,400,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Lender: S3 Capital
- Landlord: Jacob Leifer
- Address: 727 DeKalb Avenue
- Market: Bed-Stuy, Brooklyn
This deal was made possible through a construction loan, enabling the development of a new 10-unit building.
The multifamily loan at 727 Dekalb Ave, Brooklyn, NY 11216, USA in New York, New York financed for $2.4M in 2020. The building is 2,816 square feet, implying about 852 per square foot on the published price. Named participants on the 727 Dekalb Ave, Brooklyn, NY 11216, USA loan are Jacob Leifer. This page is the New York, New York file for the 727 Dekalb Ave, Brooklyn, NY 11216, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 727 Dekalb Ave, Brooklyn, NY 11216, USA around 2020. Published consideration for 727 Dekalb Ave, Brooklyn, NY 11216, USA is $2.4M, dated 2020. Cite this S3 Capital Provides $2.4M Construction Loan For Bed-Stuy Multifamily Development loan when underwriting similar multifamily product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93