Updated Oct 29, 2024
S3 Capital Partners Provides $4.8M Acquisition & Construction Loan For Brooklyn Heights Multifamily
$4,800,000
$635/SF
Building Size
7,550 SF
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
AI
Located in Brooklyn Heights, this multifamily property is an attractive investment opportunity. With a square footage of 7,550, the property consists of 6 units, providing ample living space for residents.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Market: Brooklyn Heights
- Total Square Footage: 7,550
- Number of Units: 6
The lender for this transaction is S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie. The loan amount of $4,800,000 was provided for both the acquisition and construction of the property.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93