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Chaim Lipschitz Secures $100M Refinance Loan From 3650 Capital For Dunbar Apartments In Harlem

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FINANCED
$100,000,000

New York

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MultiFamily436,115 SF
Financed 08/06/2025
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Property Image
FINANCED

Chaim Lipschitz Secures $100M Refinance Loan From 3650 Capital For Dunbar Apartments In Harlem

2802 2816 Frederick Douglass Boulevard

See Similar Deals
MultiFamily436,115 SF
Financed 08/06/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:436,115 SF
Transaction Type:Loan

The asset involved in this transaction is a multi-family property located at 2802-2816 Frederick Douglass Boulevard in Harlem, Manhattan. The building encompasses a total square footage of 436,115 and includes 538 residential units. This property has recently undergone a refinancing process with a loan amount of $100,000,000.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $100,000,000
  • Address: 2802-2816 Frederick Douglass Boulevard
  • Market: Harlem, Manhattan
  • Asset Size: 436,115 square feet
  • Units: 538
  • Lender: 3650 Capital
  • Landlord: Chaim Lipschitz
  • Loan Type: Refinance

Chaim Lipschitz, through the entity 2802-2816 Fdb LLC, was instrumental in securing the refinancing loan for the Dunbar Apartments. The deal involved 3650 Capital as the lending institution, facilitating the financial restructuring of the asset.

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LENDER

Details

FINANCED
IMAGE: 08/06/2025 ADDRESS: 2802-2816 Frederick Douglass Boulevard MARKET: Harlem, Manhattan ASSET TYPE: MultiFamily ~ SF: 436,115 ~ UNITS: 538 LENDER: 3650 Capital LANDLORD: Chaim Lipschitz LOAN AMOUNT: $100,000,000 LOAN TYPE: Refinance NOTE: Chaim Lipschitz, through 2802-2816 Fdb LLC, secured a $100M refi loan from 3650 Capital for the 538-unit Dunbar Apartments at 2802-2816 Frederick Douglass Blvd. in Harlem.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00