Updated Nov 28, 2024
S3 Capital Partners Provides $1.6M Bridge Loan For Bushwick Multifamily Acquisition
Bushwick, Brooklyn
$1,600,000
$512/SF
Building Size
3,120 SF
Asset Type
MultiFamily
Closing
Mar 21, 2023
About this deal
AI
The recently closed transaction in Bushwick, Brooklyn involved a multifamily property. The property spans an area of 3,120 square feet and comprises three units. Located in the bustling Bushwick market, this property offers a promising investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Market: Bushwick, Brooklyn
- Loan Type: Bridge
S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie, served as the lender for this transaction. They provided a loan amount of $1,600,000, helping facilitate the deal.
This transaction marks a significant milestone in the real estate market of Bushwick, Brooklyn. With the expertise of S3 Capital Partners and the promising multifamily property involved, this deal presents an exciting opportunity for both investors and occupants alike.
Players
New York 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93