Updated Oct 28, 2024
S3 Capital Partners Provides $4.45M Loan For Boerum Hill Multifamily Acquisition & Construction
Boerum Hill, New York City, New York, United States
$4,450,000
$813/SF
Building Size
5,470 SF
Asset Type
MultiFamily
Closing
Aug 3, 2022
About this deal
AI
A multifamily property located in Boerum Hill, Brooklyn has recently undergone a closed transaction. The property spans approximately 5,470 square feet and comprises three residential units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,450,000
- Market: Boerum Hill, Brooklyn
- Loan Type: Acquisition + Construction
The loan for this transaction was provided by S3 Capital Partners, represented by Robert Schwartz and Steven Jemal. The loan amount totaled $4,450,000 and was used for the acquisition and construction of the property.
For any loan inquiries, interested parties can reach out to Steven Jemal at [email protected].
Players
New York 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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93