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1241 Morrison Avenue

IceCap Group Provides $2.03M Refinance Loan For Bronx Multifamily Property With 7 Units
FINANCEDMultiFamily

IceCap Group Provides $2.03M Refinance Loan For Bronx Multifamily Property With 7 Units

1241 Morrison Avenue & 730 East 219th Street

$2,028,750

$277/SF

Building Size

7,314 SF

Asset Type

MultiFamily

Closing

Sep 17, 2025

AI

This multifamily property located at 1241 Morrison Avenue & 730 East 219th Street in the Bronx consists of 7 units. The loan amount secured for this property is $2,028,750 and is classified under refinance with a term of 30 years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,028,750
  • Lender: IceCap Group
  • Broker: Isaac Blyakher - Blyakher Real Estate
  • Loan Type: Refinance
  • Loan Terms: 30 Years

The financing of this property was arranged by Isaac Blyakher, who is affiliated with Blyakher Real Estate. The firm focuses on creating tailored financing solutions for investment properties, including acquisition and construction funding. For more details, Isaac can be contacted by phone or email.

Players

Isaac Blyakher
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Isaac Blyakher

Blyakher Real Estate

Broker

$68.5M

vol

18 deals

Broker
Blyakher Real Estate
Blyakher Real EstateBrokerage

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.82%

Cash-on-Cash

-2.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93