Updated Oct 28, 2025
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
3,321 SF
Asset Type
MultiFamily
Closing
Sep 17, 2025
About this deal
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.
On the Map
$2,028,750
$277/SF
MultiFamily
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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