Updated Dec 4, 2024
Robert Schwartz & Shawn Safdie's S3 Capital Partners Provides $3.9M Loan For Bed-Stuy Multifamily Acquisition & Construction
$3,900,000
$475/SF
Building Size
8,200 SF
Asset Type
MultiFamily
Closing
Oct 19, 2023
About this deal
AI
A multifamily property located in Bed-Stuy, Brooklyn with a total square footage of 8,200 and consisting of 10 units has recently undergone a loan transaction. The loan was issued for both acquisition and construction purposes.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Market: Bed-Stuy, Brooklyn
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital Partners
- Loan Type: Acquisition + Construction
Robert Schwartz and Shawn Safdie of S3 Capital Partners have funded the loan with a total amount of $3,900,000. As lenders, they played a crucial role in facilitating the acquisition and construction of the multifamily property in Bed-Stuy, 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93