Updated Oct 29, 2024
S3 Capital Partners Provides $2.7M Construction Loan For Multifamily Property In Highbridge, Bronx
$2,700,000
$284/SF
Building Size
9,500 SF
Asset Type
MultiFamily
Closing
Apr 21, 2023
About this deal
AI
The multifamily property located in Highbridge, Bronx has been involved in a recent loan transaction. The property spans a total square footage of 9,500 and consists of 16 units. The transaction took place on 04/21/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Market: Highbridge, Bronx
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
- Loan Type: Construction
S3 Capital Partners, represented by Robert Schwartz & Steven Jemal, provided a construction loan of $2,700,000 for the Highbridge, Bronx multifamily property. For any loan inquiries, please reach out to 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93