Ezra Sutton Of Meridian Capital Group Represents Dime Community Bank In $3.3M MultiFamily Loan
1594 York Avenue
$3,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 15, 2026
AI
The property asset involved in this transaction is a MultiFamily building located at 1594 York Avenue in the Upper East Side market. The loan amount secured for the acquisition is $3,300,000, facilitating the investment in this type of asset.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,300,000
- Lender: Dime Community Bank
- Broker: Ezra Sutton - Meridian Capital Group
- Loan Type: Acquisition
- Date: 6/16/2026
The key individuals involved in this deal include broker Ezra Sutton, representing Meridian Capital Group, who played a crucial role in facilitating the acquisition transaction by working with the lender, Dime Community Bank.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93