Updated Nov 8, 2026
Dean Palin Of Palin Enterprises Secures $5.2 Million Refinance Loan From J.P. Morgan Chase
232 East 77th Street
$5,200,000
Units
40
Asset Type
MultiFamily
Closing
Oct 27, 2026
About this deal
AI
The property asset involved is a multifamily building located at 232 East 77th Street in the Lenox Hill market of Manhattan. The asset encompasses a total of 40 units and has a total square footage of 20,040. The refinancing loan amounts to $5,200,000, secured for this building. The lender for this transaction is J.P. Morgan Chase.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,200,000
- Units: 40
- Address: 232 East 77th Street
- Market: Lenox Hill, Manhattan
- Lender: J.P. Morgan Chase
- Landlord: Dean Palin - Palin Enterprises
- Loan Type: Refinance
This refinancing deal was facilitated to support two residential properties located at 232 and 234 East 77th Street, collectively comprising a total of 40 units. The landlord representing the asset is Dean Palin, associated with Palin Enterprises.
On the Map
$5,200,000
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93