facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

10 West 65th Street

Updated Jun 12, 2025

JP Morgan Chase Provides $26 Million Loan For Acquisition Of Multifamily Asset In Lincoln Square
FINANCEDMultiFamily

JP Morgan Chase Provides $26 Million Loan For Acquisition Of Multifamily Asset In Lincoln Square

10 West 65th Street

$26,000,000

Units

83

Asset Type

MultiFamily

Closing

May 29, 2025

About this deal

AI

The asset involved in the transaction is a multifamily building with a total of 83 units located at 10 West 65th Street in the Lincoln Square market. The loan amount secured for the acquisition is $26,000,000 with a 3-year term that features full term interest-only payments at a fixed interest rate of 5.87%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $26,000,000
  • Loan Type: Acquisition
  • Loan Terms: 3-year term, full term interest-only, 5.87% fixed interest rate
  • Lender: JP Morgan Chase
  • Address: 10 West 65th Street
  • Market: Lincoln Square
  • Units: 83
  • Broker Representatives: Naphtali Marrus & Benjamin Nevid - Meridian Capital Group

Naphtali Marrus and Benjamin Nevid from Meridian Capital Group represented the financing process for this multifamily property acquisition, providing expertise in securing the favorable loan terms from JP Morgan Chase. For inquiries into their services, contact details for each broker are provided: Naphtali Marrus can be reached at [email protected] or (646) 502-3465, and Benjamin Nevid at [email protected] or (212) 612-0126.

On the Map

Open live map

$26,000,000

MultiFamily

View full map

Players

Benjamin Nevid

Meridian Capital Group

Broker

$2.5B

vol

26 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
J.P. Morgan Chase
J.P. Morgan ChaseLender
Bilt advertisement

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Deal FAQ

About $313.3K per unit across 83 units on a published $26M (2025).

Visit Naphtali Marrus to view all their deals.

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets