Updated Nov 28, 2024
S3 Capital Partners Provides $4.65M Loan For Multifamily Acquisition & Construction In Cobble Hill, Brooklyn
$4,650,000
$1,143/SF
Building Size
4,065 SF
Asset Type
MultiFamily
Closing
May 8, 2023
About this deal
AI
An acquisition and construction loan has been secured for a multifamily property in Cobble Hill, Brooklyn. The property has a size of 4,065 square feet and consists of three units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,650,000
- Market: Cobble Hill, Brooklyn
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
S3 Capital Partners, represented by Robert Schwartz & Steven Jemal, provided the loan amount of $4,650,000 for the acquisition and construction of the property.
For any loan inquiries, please contact Steven Jemal at [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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93