Updated Oct 29, 2024
S3 Capital Partners Provides $3.15M Acquisition & Construction Loan In Williamsburg, Brooklyn
$3,150,000
$583/SF
Building Size
5,400 SF
Asset Type
MultiFamily
Closing
Mar 10, 2023
About this deal
AI
A multifamily property located in Williamsburg, Brooklyn, with a total square footage of 5,400 and consisting of 6 units, has recently been involved in a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Market: Williamsburg, Brooklyn
- Lender: S3 Capital Partners
- Loan Type: Acquisition + Construction
The loan, amounting to $3,150,000, was provided by S3 Capital Partners. Robert Schwartz and Shawn Safdie, representatives from S3 Capital Partners, facilitated the loan transaction for the multifamily property in Williamsburg, Brooklyn.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93