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Brooklyn

S3 Capital Partners Secures $32.5 Million Refinance Loan For Brooklyn Multifamily Asset
FINANCEDMultiFamily

S3 Capital Partners Secures $32.5 Million Refinance Loan For Brooklyn Multifamily Asset

$32,500,000

$272/SF

Building Size

119,087 SF

Asset Type

MultiFamily

Closing

Aug 18, 2025

AI

This transaction involves a multifamily asset with a total square footage of 119,087, located in the Brooklyn market. The loan amount secured for this asset is $32,500,000, structured as a refinance with a term of 2 years.

Summary of transation details:

The key individuals involved in this transaction include Robert Schwartz, Steven Jemal, and Shawn Safdie, representing S3 Capital Partners as the lenders. Henry Bodek from Galaxy Capital served as the broker in this deal.

Players

Henry Bodek

Galaxy Capital

Broker

$12.3B

vol

69 deals

Broker
Galaxy Capital
Galaxy CapitalBrokerage
Steven Jemal

Steven Jemal

S3 Capital

Lender

$3.4B

vol

125 deals

Lender
S3 Capital
S3 CapitalLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93