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Carroll Gardens, Brooklyn

Updated May 12, 2025

S3 Capital Partners Provides $5.3M Acquisition & Construction Loan In Carroll Gardens, Brooklyn
FINANCEDMultiFamily

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

Steven Jemal

S3 Capital

Lender

$3.7B

vol

134 deals

Lender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $746 per square foot on a published $5.3M for 7,100 square feet (2022).

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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

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