Chase Bank Provides $2.85M Acquisition Loan For 418 East 81st Street

Located at 418 East 81st Street in the Upper East Side, the multifamily property spans 9,470 square feet and comprises 24 units. The property was acquired with a loan amount of $2,850,000 from Chase Bank.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,850,000
• Units: 24
• Landlord: Akiva Milgraum - KJM Holdings
• Lender: Chase Bank
• Brokers: Ariel Forman & Chaim Tessler - Meridian Capital Group

Ariel Forman and Chaim Tessler of Meridian Capital Group facilitated the acquisition loan for the property. Akiva Milgraum, the landlord of the property under KJM Holdings, successfully closed the deal in partnership with the mentioned brokers.