Updated Oct 28, 2024
S3 Capital Partners Provides $40M Construction Loan For Multifamily Property In Jamaica, Queens
95-22 147th Place, Queens, New York 11435, United States
$40,000,000
$365/SF
Building Size
109,339 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
About this deal
AI
Jamaica, Queens is the site of a recent closed transaction involving a multifamily property. Located at 95-22 147th Pl., this property spans approximately 109,339 square feet and consists of 118 units. The transaction took place on April 6, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Address: 95-22 147th Pl.
- Market: Jamaica, Queens
- Square Footage: 109,339
- Number of Units: 118
The loan for this transaction was provided by S3 Capital Partners, with Robert Schwartz and Shawn Safdie representing the lender. The loan amount totaled $40,000,000 and was of the construction type.
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93