Updated Jun 5, 2025
Chase Bank Refinances Multifamily Properties In New York For $14M
507 West 134th Street, New York City, New York 10031, United States
$14,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
The multifamily properties located at 1130 Union Ave., 507 West 134th St., and 943 & 973 Columbus Ave. were involved in a loan transaction in New York. The loan was provided by Chase Bank and facilitated by broker Simon Rosenfeld from Meridian Capital Group. The loan amount for this refinance was $14,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Lender: Chase Bank
- Broker: Simon Rosenfeld - Meridian Capital Group
Simon Rosenfeld from Meridian Capital Group played a crucial role in facilitating the loan transaction between the multifamily properties and Chase Bank. Their expertise and negotiations helped secure the loan amount of $14,000,000.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93