IceCap Group Provides $2.03M Refinance Loan For Bronx Multifamily Property With 7 Units
FINANCED
$2,028,750
New York
See Similar DealsMultiFamily7,314 SF
Financed 09/18/2025
FINANCED
IceCap Group Provides $2.03M Refinance Loan For Bronx Multifamily Property With 7 Units
1241 Morrison Avenue & 730 East 219th Street
See Similar DealsMultiFamily7,314 SF
Financed 09/18/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:7,314 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,028,750.00
Monthly NOI$13,525.00
Monthly Debt Service$12,823.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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