Updated Oct 29, 2024
S3 Capital Partners Provides $5.7M Acquisition & Construction Loan For Midwood Multifamily
$5,700,000
$347/SF
Building Size
16,400 SF
Asset Type
MultiFamily
Closing
Aug 28, 2023
About this deal
AI
The property involved in this transaction is a multifamily asset located in Midwood, Brooklyn. The deal was facilitated by 's REP, Robert Schwartz and Shawn Safdie of S3 Capital Partners. The loan amount for this acquisition and construction project was $5,700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,700,000
- Lender: S3 Capital Partners
- Loan Type: Acquisition + Construction
Robert Schwartz and Shawn Safdie, representing S3 Capital Partners, played a key role in securing the loan for this multifamily property in Midwood, 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93