S3 Capital Provides $3,500,000 Construction Loan For East Williamsburg Multifamily Property
$3,500,000
$750/SF
Building Size
4,662 SF
Asset Type
MultiFamily
Closing
Mar 25, 2026
AI
The transaction involved a multifamily asset located in East Williamsburg, featuring a total square footage of 4,662 and comprising 8 units. The financial arrangement secured through a loan amounted to $3,500,000 designated for construction purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Market: East Williamsburg
- Asset Size: 4,662 SF
- Units: 8
- Lender: Shawn Safdie - S3 Capital
- Loan Type: Construction
Shawn Safdie represented S3 Capital, a noted capital provider that actively finances multifamily transactions across various markets, from New York to Texas, focusing on loan opportunities exceeding $1 million. For any inquiries, 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93