S3 Capital Provides $7,100,000 Construction Loan For Brooklyn Multifamily Asset Of 12,954 SF
$7,100,000
$548/SF
Building Size
12,954 SF
Asset Type
MultiFamily
Closing
Apr 19, 2026
AI
The property asset involved in this transaction is a multifamily building located in Brooklyn, with a total square footage of 12,954. A construction loan was secured, amounting to $7,100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,100,000
- Lender: Robert Schwartz, Shawn Safdie, & Steven Jemal - S3 Capital
- Loan Type: Construction
- Market: Brooklyn
- Asset Size: 12,954 SF
Key individuals involved in this deal include Robert Schwartz, Shawn Safdie, and Steven Jemal, all representing S3 Capital, which is a leading provider of capital actively financing multifamily transactions across various markets. Their focus is primarily on loan opportunities exceeding $1 million. For any inquiries, interested parties can contact [email protected].
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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93