Updated Oct 29, 2024
S3 Capital Partners Provides $3.7M Acquisition & Construction Loan In East Williamsburg, Brooklyn
$3,700,000
$570/SF
Building Size
6,485 SF
Asset Type
MultiFamily
Closing
Jul 25, 2023
About this deal
AI
A multifamily property in East Williamsburg, Brooklyn has recently undergone an acquisition and construction loan transaction. The property spans approximately 6,485 square feet and consists of four units. The market for this property is in the vibrant area of East Williamsburg, Brooklyn.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
- Loan Type: Acquisition + Construction
S3 Capital Partners, represented by Robert Schwartz and Steven Jemal, provided the loan for this acquisition and construction project. They can be contacted at [email protected] for any loan inquiries relating to this property.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93