Updated Oct 19, 2026
Elchonon Shilian Secures $10.7M Refinance Loan From Standard Insurance Company For Multifamily In Bronx
1816 Harrison Avenue
$10,700,000
$542/SF
Building Size
19,730 SF
Asset Type
MultiFamily
Closing
May 8, 2025
About this deal
AI
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.
On the Map
$10,700,000
$542/SF
MultiFamily
View full map
Players
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Elchonon Shilian to view all their deals.
Browse Bronx multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93