Updated Oct 12, 2026
Robert Schwartz & Steven Jemal Acquires Multifamily Property In Bed-Stuy, Brooklyn For $5.5M Loan
$5,500,000
$371/SF
Building Size
14,800 SF
Asset Type
MultiFamily
Closing
Sep 25, 2023
About this deal
AI
A multifamily property located in Bed-Stuy, Brooklyn has recently undergone a loan transaction. The property spans approximately 14,800 square feet and comprises 16 residential units. The transaction involves an acquisition and construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Market: Bed-Stuy, Brooklyn
- Loan Type: Acquisition + Construction
- Lenders: Robert Schwartz & Steven Jemal - S3CapitalPartners
The deal was facilitated by Robert Schwartz and Steven Jemal of S3CapitalPartners. For any loan inquiries related to this transaction, 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93