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Elchonon Shilian Secures $10.7M Refinance Loan From Standard Insurance Company For Multifamily In Bronx
FINANCED
$10,700,000
New York
See Similar DealsMultiFamily19,730 SF
Financed 05/08/2025
FINANCED
Elchonon Shilian Secures $10.7M Refinance Loan From Standard Insurance Company For Multifamily In Bronx
1816 Harrison Avenue
See Similar DealsMultiFamily19,730 SF
Financed 05/08/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$542
Total Square Footage:19,730 SF
Transaction Type:Loan
The property asset involved in this transaction is a 24-unit multifamily residential building located at 1816 Harrison Avenue in the Morris Heights neighborhood of the Bronx. The total square footage of the asset is 19,730. The refinance loan secured for this property amounts to $10,700,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,700,000
- Address: 1816 Harrison Avenue
- Market: Morris Heights, Bronx
- Lender: Standard Insurance Company
- Landlord: Elchonon Shilian
- Loan Type: Refinance
- Units: 24
- Square Footage: 19,730
Elchonon Shilian’s Hsk Harrison LLC is the entity that secured the refinance loan from Standard Insurance Company, representing the financial interests in this multifamily property transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,700,000.00
Monthly NOI$71,333.33
Monthly Debt Service$67,631.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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