Updated Oct 29, 2024
S3 Capital Partners Provides $4.9M Acquisition & Construction Loan For Multifamily Property In Cobble Hill, Brooklyn
$4,900,000
$732/SF
Building Size
6,690 SF
Asset Type
MultiFamily
Closing
Aug 1, 2023
About this deal
AI
The multifamily property located in Cobble Hill, Brooklyn has recently undergone a closed transaction. With a total square footage of 6,690, the property consists of three units. The deal was facilitated by Robert Schwartz and Steven Jemal of S3 Capital Partners.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,900,000
- Market: Cobble Hill, Brooklyn
- Square Footage: 6,690
- Units: 3
Robert Schwartz and Steven Jemal from S3 Capital Partners played a crucial role in the transaction as the lenders. The loan amount provided by S3 Capital Partners for the acquisition and construction of the property was $4,900,000. For any loan inquiries, interested parties can 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93