Updated Oct 29, 2024
S3 Capital Partners Provides $7.1M Acquisition & Construction Loan In Brooklyn Heights For 5-unit Multifamily
$7,100,000
$747/SF
Building Size
9,500 SF
Asset Type
MultiFamily
Closing
Feb 2, 2023
About this deal
AI
A property transaction took place in Brooklyn Heights involving a multifamily asset. The property spans approximately 9,500 square feet and consists of 5 units. The transaction was completed on 02/02/2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,100,000
- Market: Brooklyn Heights
- Asset Type: Multifamily
- Square Footage: 9,500
- Units: 5
The lender involved in this transaction is S3 Capital Partners. The loan amount provided by S3 Capital Partners for this acquisition and construction project is $7,100,000.
Please reach out to Steven Jemal at [email protected] for any loan inquiries.
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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93