S3 Capital Partners Provides $36.5M Construction Loan For Multifamily Property In Downtown Brooklyn

129 Concord Street

MultiFamily

49,680 SF

Summary

Loan

NEW YORK

MultiFamily

49,680 sqft

A construction loan was recently secured for a multifamily property at 129 Concord St. in Downtown Brooklyn. The property spans approximately 49,680 square feet and consists of 73 units.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $36,500,000
Address: 129 Concord St., Downtown Brooklyn
Square Footage: 49,680
Number of Units: 73

The lender for this construction loan is S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie. The landlord of the property is David Halberstam.

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Details

Deal Summary

FINANCED

IMAGE: Robert Schwartz DATE: 05/11/2022 ADDRESS: 129 Concord St. MARKET: Downtown Brooklyn ASSET TYPE: Multifamily ~ SF: 49,680 ~ UNITS: 73 LENDER: S3 Capital Partners (@S3Capital) - Robert Schwartz & Shawn Safdie LANDLORD: David Halberstam LOAN AMOUNT: $36,500,000 LOAN TYPE: Construction

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Address129 Concord Street

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