Updated Dec 4, 2024
S3 Capital Partners Provides $2.3M Acquisition & Construction Loan For Crown Heights Multifamily
$2,300,000
$575/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Oct 16, 2023
About this deal
AI
A multifamily property located in Crown Heights, Brooklyn has been involved in a recent loan transaction. The property spans approximately 4,000 square feet and consists of 10 units. The loan, facilitated by Robert Schwartz and Shawn Safdie of S3 Capital Partners, amounted to $2,300,000. This loan encompasses both the acquisition and construction aspects of the property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Square Footage: 4,000
- Units: 10
Robert Schwartz and Shawn Safdie, representing S3 Capital Partners, played a crucial role as lenders in this loan transaction involving the multifamily property in Crown Heights, Brooklyn.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93