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:
- Property Type: Multifamily
- Transaction Amount: $32,500,000
- Loan Type: Refinance
- Loan Terms: 2 Years
- Lender: Robert Schwartz, Steven Jemal & Shawn Safdie - S3 Capital Partners
- Broker: Henry Bodek - Galaxy Capital
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
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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93