Updated Dec 4, 2024
Robert Schwartz & Shawn Safdie Of S3 Capital Partners Provide $3M Refinance & Construction Loan In Jackson Heights, Queens
$3,000,000
$125/SF
Building Size
24,000 SF
Asset Type
MultiFamily
Closing
Oct 13, 2023
About this deal
AI
The multifamily property located in Jackson Heights, Queens has undergone a loan transaction. The property spans over 24,000 square feet and consists of 24 units. The deal involved a loan amount of $3,000,000 and encompassed a refinancing and construction component.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Loan Type: Refinance + Construction
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital Partners
Robert Schwartz and Shawn Safdie, representing S3 Capital Partners, acted as the lenders in 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93