Updated Nov 28, 2024
S3 Capital Partners Provides $11M Construction Loan For Multifamily Property In Kew Gardens, Queens
$11,000,000
$282/SF
Building Size
39,000 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
A construction loan has been secured for a multifamily property in Kew Gardens, Queens. The property has a total square footage of 39,000 and consists of 33 units. The loan was obtained from S3 Capital Partners for an amount of $11,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Market: Kew Gardens, Queens
- Asset Type: Multifamily
- Square Footage: 39,000
- Number of Units: 33
Robert Schwartz, representing S3 Capital Partners, facilitated the loan for the construction of this multifamily property in Kew Gardens, Queens. This financing will support the development of the property and contribute to the growth of the real estate market in the area.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Robert Schwartz to view all their deals.
Browse this market multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93