Updated Dec 21, 2023
S3 Capital Partners Provides $3.4M Acquisition & Construction Loan In Carroll Gardens, Brooklyn
Carroll Gardens, Brooklyn
$3,400,000
$772/SF
Building Size
4,400 SF
Asset Type
MultiFamily
Closing
Jul 15, 2022
About this deal
AI
The multifamily property located in Carroll Gardens, Brooklyn has recently undergone a closed transaction. Spanning over 4,400 square feet, the property consists of 3 units, making it an attractive investment opportunity in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Market: Carroll Gardens, Brooklyn
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
- Loan Type: Acquisition + Construction
In this deal, S3 Capital Partners, represented by Robert Schwartz & Steven Jemal, provided a loan amount of $3,400,000 for the acquisition and construction of the property. For any loan inquiries or further information, interested parties can reach out to Steven Jemal at [email protected].
Players
New York 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93