Updated Nov 28, 2024
S3 Capital Partners Provides $4.9M Acquisition & Construction Loan In Park Slope, Brooklyn
$4,900,000
$742/SF
Building Size
6,600 SF
Asset Type
MultiFamily
Closing
Apr 26, 2023
About this deal
AI
The property involved in this closed transaction is a multifamily asset located in Park Slope, Brooklyn. It spans a total of 6,600 square feet and consists of 5 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,900,000
- Market: Park Slope, Brooklyn
- Square Footage: 6,600
- Units: 5
The lender for this deal was S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie. The loan amount for the acquisition and construction was $4,900,000.
S3 Capital Partners Provides $4.9M Acquisition & Construction Loan In Park Slope, Brooklyn is logged as a multifamily loan on Traded (2023). The building is 6,600 square feet, implying about 742 per square foot on the published price. Named participants on the S3 Capital Partners Provides $4.9M Acquisition & Construction Loan In Park Slope, Brooklyn loan are Robert Schwartz, Shawn Safdie. This page is the market file for the S3 Capital Partners Provides $4.9M Acquisition & Construction Loan In Park Slope, 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 $4.9M Acquisition & Construction Loan In Park Slope, 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93