Updated Jun 5, 2025
Chase Bank Refinances Multifamily Property On West 84th Street For $13M
324 W 84th St #326, New York, NY 10024, USA
$13,000,000
$20,000/SF
Building Size
650 SF
Asset Type
MultiFamily
Closing
Sep 27, 2018
About this deal
AI
The multifamily property at 324-326 West 84th Street in Manhattan has been refinanced for a loan amount of $13,000,000. The property consists of 50 residential units and is located in the Upper West Side area of Manhattan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Market: Manhattan
- Lender: Chase Bank
- Owner: Robert and Albert Gilardian
- Mortgage Broker: Simon Rosenfeld, Jeff Weinberg @meridian.capital.group @simonrosenfeldnyc
The financing for this transaction was provided by Chase Bank. The owners of the property are Robert and Albert Gilardian. Simon Rosenfeld and Jeff Weinberg from Meridian Capital Group, represented the owners as the mortgage brokers in this deal.
Players
New York 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