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S3 Capital Partners complet...

Updated Oct 29, 2024

S3 Capital Partners Provides $5M Loan For New York City Multifamily Property
FINANCEDMultiFamily

S3 Capital Partners Provides $5M Loan For New York City Multifamily Property

$5,000,000

$818/SF

Building Size

6,110 SF

Asset Type

MultiFamily

Closing

Mar 29, 2023

About this deal

AI

A multifamily property with 6,110 square feet and 5 units located in New York City has recently undergone a closed property transaction. The transaction involved a loan for $5,000,000 provided by S3 Capital Partners. The loan was facilitated by Robert Schwartz and Steven Jemal from S3 Capital Partners. For any loan inquiries regarding this transaction, interested parties can reach out to Steven Jemal at [email protected].

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Square Footage: 6,110
  • Number of Units: 5

This transaction was made possible by the lender, S3 Capital Partners, through their representatives Robert Schwartz and Steven Jemal. S3 Capital Partners provided a loan amount of $5,000,000 for the acquisition of this multifamily property in New York City. The collaboration between the borrower and the lender resulted in the successful completion of this transaction.

Players

Steven Jemal

S3 Capital

Lender

$3.7B

vol

134 deals

Lender
S3 Capital
S3 CapitalLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $818 per square foot on a published $5M for 6,110 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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