Updated Oct 29, 2024
S3 Capital Partners Provides $3.5M Acquisition & Construction Loan For 8-Unit Multifamily In Bushwick
$3,500,000
$384/SF
Building Size
9,100 SF
Asset Type
MultiFamily
Closing
May 22, 2023
About this deal
AI
A multifamily property in Bushwick has been acquired through a loan transaction. The property spans 9,100 square feet and consists of 8 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Market: Bushwick
- Loan Type: Acquisition + Construction
The loan for this acquisition and construction project was provided by S3 Capital Partners, represented by Robert Schwartz and Steven Jemal. For any loan inquiries, individuals may reach out to Steven Jemal at [email protected].
S3 Capital Partners Provides $3.5M Acquisition & Construction Loan For 8-Unit Multifamily In Bushwick is logged as a multifamily loan on Traded (2023). The building is 9,100 square feet, implying about 384 per square foot on the published price. Named participants on the S3 Capital Partners Provides $3.5M Acquisition & Construction Loan For 8-Unit Multifamily In Bushwick loan are Steven Jemal, Robert Schwartz. This page is the market file for the S3 Capital Partners Provides $3.5M Acquisition & Construction Loan For 8-Unit Multifamily In Bushwick multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this S3 Capital Partners Provides $3.5M Acquisition & Construction Loan For 8-Unit Multifamily In Bushwick loan when underwriting similar multifamily product.
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