Updated Nov 28, 2024
S3 Capital Partners Provides $5.3M Loan For Multifamily Acquisition & Construction In Carroll Gardens, Brooklyn
Carroll Gardens, New York City, New York, United States
$5,300,000
$757,142/SF
Building Size
7 SF
Asset Type
MultiFamily
Closing
Aug 9, 2022
About this deal
AI
A multifamily property located in Carroll Gardens, Brooklyn has recently undergone a closed transaction. The property spans approximately 7,100 square feet and consists of four units. This transaction involved an acquisition and construction loan.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Market: Carroll Gardens, Brooklyn
- Square Footage: 7,100
- Number of Units: 4
The loan for this transaction was provided by S3 Capital Partners. The loan amount was $5,300,000. The lenders involved in this deal are Robert Schwartz and Steven Jemal from S3 Capital Partners. For any loan inquiries, Steven Jemal can be contacted at [email protected].
Players
Brooklyn 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