Updated Oct 28, 2024
S3 Capital Partners Provides $3.2M Construction Loan For Multifamily Property In Park Slope, Brooklyn
8 Windsor Place, Brooklyn, New York 11215, United States
$3,200,000
$453/SF
Building Size
7,061 SF
Asset Type
MultiFamily
Closing
Mar 29, 2022
About this deal
AI
Located at 8 Windsor Pl. in Park Slope, Brooklyn, this multifamily property underwent a recent transaction. With a total square footage of 7,061, it consists of 4 units. The property is a valuable asset in the Park Slope market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Loan Type: Construction
- Lender: S3 Capital Partners - Robert Schwartz & Shawn Safdie
The key individuals involved in this deal are Robert Schwartz and Shawn Safdie, representing S3 Capital Partners as lenders. The loan amount provided for this transaction was $3,200,000. The loan type chosen for this deal was construction.
Players
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93