Updated Oct 29, 2024
S3 Capital Partners Provides $12.75M Acquisition Loan For Carroll Gardens Multifamily Property
$12,750,000
$583/SF
Building Size
21,850 SF
Asset Type
MultiFamily
Closing
May 16, 2023
About this deal
AI
The multifamily property located in Carroll Gardens has recently undergone a closed transaction. The property spans 21,850 square feet and consists of 24 units, making it an attractive investment opportunity in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,750,000
- Market: Carroll Gardens
- Square Footage: 21,850
- Number of Units: 24
The loan for the acquisition of this multifamily property was provided by S3 Capital Partners, specifically Robert Schwartz and Shawn Safdie. The loan amount of $12,750,000 was secured for the successful completion of the transaction.
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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93