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232 East 77th Street

Updated Nov 8, 2026

Dean Palin Of Palin Enterprises Secures $5.2 Million Refinance Loan From J.P. Morgan Chase
FINANCEDMultiFamily

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.

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$5,200,000

MultiFamily

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Players

J.P. Morgan Chase
J.P. Morgan ChaseLender
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $130K per unit across 40 units on a published $5.2M (2026).

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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

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