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12 East 10th Street, Manhat...

Updated Jun 5, 2025

JP Morgan Chase Provides $2.28M Loan For Multifamily Property In Greenwich Village
FINANCEDMultiFamily

JP Morgan Chase Provides $2.28M Loan For Multifamily Property In Greenwich Village

12 East 10th Street, Manhattan, New York, NY, USA

$2,280,000

$585/SF

Building Size

3,893 SF

Asset Type

MultiFamily

Closing

Jul 28, 2021

About this deal

AI

A multifamily property located at 12 East 10th Street in Greenwich Village has recently been involved in a closed transaction. The loan for this property was provided by JP Morgan Chase.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,280,000
  • Market: Greenwich Village
  • Lender: JP Morgan Chase

David Oheb and Max Jacobson, representing Meridian Capital Group, served as the brokers for this deal.

The loan terms include a 3.10% interest rate, with a fixed period of 5 years and a 30-year amortization schedule.

Note from Meridian Capital Group: Meridian Capital Group is America's most active dealmaker, with a record of closing $40 billion in financing in 2020. They have partnered with over 250 unique lenders across various property types, including multifamily, office, retail, hotel, mixed-use, industrial, healthcare, senior housing, and construction. Meridian represents renowned real estate investors and developers. For additional information or to contact David Oheb, please see the contact details below:

David Oheb

Phone: 212-612-0193

Email: [email protected]

Players

David Oheb
Verified Badge

David Oheb

Meridian Capital Group

Broker

$863.7M

vol

78 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $585 per square foot on a published $2.3M for 3,893 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.96%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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