Updated Jun 5, 2025
JP Morgan Chase Bank Provides $1.15M Refinance Loan For 20-Unit Multifamily Property On Radcliff Ave In Bronx
3035 Radcliff Avenue, Bronx, NY 10469, USA
$1,150,000
$65/SF
Building Size
17,600 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
About this deal
AI
The multifamily property located at 3035 Radcliff Avenue in the Bronx has recently undergone a loan transaction. The property spans approximately 17,600 square feet and consists of 20 units. The loan was facilitated by JP Morgan Chase Bank and amounts to $1,150,000. This transaction involved a refinance loan with a fixed interest rate of 3.05% for a term of 7 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Loan Type: Refinance
- Loan Terms: 3.05% - 7 year fixed
Joseph Scalisi, the landlord of the property, was represented by Matthew Barbaccia from Brix Real Estate Advisors in this loan transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93