Updated Oct 28, 2024
S3 Capital Partners Provides $3.4M Acquisition & Construction Loan For Carroll Gardens Multifamily
Carroll Gardens, New York City, New York, United States
$3,275,000
$461/SF
Building Size
7,100 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
A multifamily property located in Carroll Gardens, Brooklyn has recently undergone a closed transaction. The property spans an area of approximately 4,400 square feet and consists of three residential units. The transaction took place on July 15, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Address: Carroll Gardens, Brooklyn
- Market: Carroll Gardens, Brooklyn
- Loan Type: Acquisition + Construction
The loan for this transaction was provided by S3 Capital Partners, specifically by Robert Schwartz and Steven Jemal. The loan amount granted was $3,400,000. The lender has noted that any inquiries regarding the loan should be directed to Steven Jemal at [email protected].
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.84%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93