Updated Oct 29, 2024
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
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93