Updated Aug 13, 2025
Rubin Schron Of Cammeby’s International Group Secures $17.2M Refinance Loan For Multifamily At 1760 Madison Avenue
1760 Madison Avenue
$17,200,000
$223/SF
Building Size
77,000 SF
Asset Type
MultiFamily
Closing
Jul 25, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1760 Madison Avenue in East Harlem, Manhattan. The property encompasses 77,000 square feet and comprises 84 residential units, reflecting its status as an important multifamily asset in the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,200,000
- Address: 1760 Madison Avenue
- Market: East Harlem, Manhattan
- Lender: NewPoint Real Estate Capital
- Landlord: Rubin Schron - Cammeby’s International Group
- Loan Type: Refinance
In this transaction, Rubin Schron, representing Cammeby’s International Group, secured a refinancing loan from NewPoint Real Estate Capital, which indicates a strategic financial move for the management of the property.
On the Map
$17,200,000
$223/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93