Updated Jul 22, 2026
Shawn Safdie Of S3 Capital Provides $3.6M Loan For Renovation In Prospect Park South
$3,600,000
$740/SF
Building Size
4,865 SF
Asset Type
Single Family Residence
Closing
Jun 12, 2026
About this deal
AI
The asset involved in this transaction is a single-family residence located in Prospect Park South, Brooklyn, encompassing a total of 4,865 square feet. This property is under a loan agreement for a light renovation project amounting to $3,600,000.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $3,600,000
- Loan Type: Light renovation
- Lender: Shawn Safdie - S3 Capital
- Date of Transaction: 06/12/2026
Shawn Safdie, representing S3 Capital, is a lender actively financing multifamily transactions across various markets, focusing on loans exceeding $1 million. The note from the lender mentions the renovation of a historic single-family home, indicating the intent behind the financing agreement.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93