Updated Jun 5, 2025
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
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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