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1479 York Avenue

BMO Harris Bank Provides $10.5M Refinance Loan For 1479-1481 York Avenue Multifamily Property
FINANCEDMultiFamily

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

Ariel Taieb

Meridian Capital Group

Broker

$246M

vol

7 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
BMO Harris Bank
BMO Harris BankLender

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