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77 Woodbine Street

Lev Capital Arranges $2.9M Construction Loan For Bushwick Multifamily
FINANCEDMultiFamily

Lev Capital Arranges $2.9M Construction Loan For Bushwick Multifamily

77 Woodbine Street

$2,900,000

$290/SF

Building Size

10,000 SF

Asset Type

MultiFamily

Closing

Jul 25, 2022

AI

Located at 77 Woodbine Street in Bushwick, this multifamily property spans approximately 10,000 square feet. The transaction took place on July 25, 2022, involving a loan for construction purposes.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Market: Bushwick
  • Asset Type: Multifamily
  • Square Footage: 10,000

S3 Capital, led by Shawn Safdie, provided the $2,900,000 construction loan for this property. Lev Capital represented the parties involved in the deal, including Justin Piasecki, Richard Sutton, Max Lipner, and Yaakov Zar.

Players

Yaakov Zar
Verified Badge

Yaakov Zar

Lev

Broker

$189.3M

vol

34 deals

Broker
Shawn Safdie

Shawn Safdie

S3 Capital

Lender

$1.9B

vol

83 deals

Lender
S3 Capital
S3 CapitalLender

New York 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93