Updated Dec 4, 2024
Robert Schwartz & Steven Jemal Secure $28.5M Condo Inventory Loan For Upper East Side Multifamily
$28,500,000
$1,044/SF
Building Size
27,300 SF
Asset Type
MultiFamily
Closing
Oct 4, 2023
About this deal
AI
The property involved in this transaction is a multifamily building located in the Upper East Side market. It spans a total square footage of 27,300 and consists of 14 units. The deal was facilitated by Robert Schwartz & Steven Jemal, who acted as the property's broker representatives.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,500,000
- Market: Upper East Side
- Square Footage: 27,300
- Units: 14
The loan for this transaction was provided by S3 Capital Partners and was amounting to $28,500,000. It was categorized as a Condo Inventory loan. Should you have any inquiries regarding this loan, please 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93