BMO Harris Bank Provides $10.5M Refinance Loan For 1479-1481 York Avenue Multifamily Property
1479 York Avenue
$10,500,000
$700/SF
Building Size
15,000 SF
Asset Type
MultiFamily
Closing
Jan 13, 2026
AI
The asset involved in the transaction is a multifamily property located at 1479-1481 York Avenue in the Upper East Side market. The total square footage of the property is 15,000. The transaction involves a loan amount of $10,500,000, which is a refinance loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Loan Type: Refinance
- Lender: BMO Harris Bank
- Broker: Ariel Taieb - Meridian Capital Group
- Loan Date: 1/14/2026
- Address: 1479-1481 York Avenue
- Market: Upper East Side
- Asset Size: 15,000 SF
The transaction is represented by Ariel Taieb of Meridian Capital Group, acting as the broker in the refinancing process with BMO Harris Bank as the lender involved in the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93