BMO Harris Bank Provides $10.5M Refinance Loan For 1479-1481 York Avenue Multifamily Property
FINANCED
$10,500,000
New York
See Similar DealsMultiFamily15,000 SF
Financed 01/14/2026
FINANCED
BMO Harris Bank Provides $10.5M Refinance Loan For 1479-1481 York Avenue Multifamily Property
1479 York Avenue
See Similar DealsMultiFamily15,000 SF
Financed 01/14/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$700
Total Square Footage:15,000 SF
Transaction Type:Loan
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
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,500,000.00
Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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