Updated Oct 29, 2024
S3 Capital Partners Provides Acquisition & Construction Loan For Prospect Lefferts Gardens MultiFamily Property
$3,050,000
$296/SF
Building Size
10,300 SF
Asset Type
MultiFamily
Closing
Aug 9, 2023
About this deal
AI
A multifamily property in Prospect Lefferts Gardens, Brooklyn, was recently involved in a loan transaction. The property spans approximately 10,300 square feet and consists of 10 units. The deal took place on 08/09/2023.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $3,050,000
- Market: Prospect Lefferts Gardens, Brooklyn
- Lender: S3 Capital Partners
- Lender's Representatives: Robert Schwartz & Shawn Safdie
- Loan Type: Acquisition + Construction
The loan was provided by S3 Capital Partners, with Robert Schwartz and Shawn Safdie serving as the lender's representatives. The loan amount for the acquisition and construction of the property was $3,050,000.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93