Michael And Arjan Gjushi Secure $13 Million Refinance Loan From Charlie Scharf Of Wells Fargo
2043 Webster Avenue
$13,000,000
$304/SF
Building Size
42,750 SF
Asset Type
MultiFamily
Closing
Jul 13, 2026
AI
A multifamily asset located at 2043 Webster Avenue in Fordham Heights, Bronx, encompasses 42,750 square feet and contains 44 residential units. The property has recently been refinanced with a loan amounting to $13,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Lender: Charlie Scharf - Wells Fargo
- Landlord: Michael Gjushi & Arjan Gjushi
- Loan Type: Refinance
The refinancing of the property was facilitated by Charlie Scharf, representing Wells Fargo, while the landlords involved in the transaction are Michael Gjushi and Arjan Gjushi.
Players
Bronx 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93