Updated Nov 28, 2024
S3 Capital Partners Provides $14.25M Construction Loan For Park Slope MultiFamily
Park Slope, New York City, New York, United States
$14,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 18, 2023
About this deal
AI
Located in Park Slope, Brooklyn, a multi-family property has recently undergone a significant transaction. With an impressive loan amount of $14,250,000, this property signifies a notable investment opportunity in the area. The loan, provided by S3 Capital Partners, was made for a construction project, indicating potential development and expansion within the neighborhood.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $14,250,000
- Date: 01/18/2023
- Market: Park Slope, Brooklyn
S3 Capital Partners, with representatives Robert Schwartz and Shawn Safdie, played a crucial role in securing this loan. Their involvement highlights their expertise in financing large-scale projects and their commitment to supporting property development in the area.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93