Updated May 12, 2025
S3 Capital Partners Provides $5.3M Acquisition & Construction Loan In Carroll Gardens, Brooklyn
$5,300,000
$746/SF
Building Size
7,100 SF
Asset Type
MultiFamily
Closing
Sep 8, 2022
About this deal
AI
The property asset involved in this transaction is a multifamily building located in Carroll Gardens, Brooklyn. The building features a total square footage of 7,100 and comprises 4 units. The acquisition and construction loan for this asset was secured for a total amount of $5,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Market: Carroll Gardens, Brooklyn
- Square Footage: 7,100
- Units: 4
- Lender: S3 Capital Partners
- Lender Representatives: Robert Schwartz & Steven Jemal
- Loan Type: Acquisition + Construction
The deal involved key individuals, specifically Robert Schwartz and Steven Jemal, who represent S3 Capital Partners in this transaction. For any loan inquiries, interested parties may contact Steven Jemal at [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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93