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4923 Broadway

Updated Mar 26, 2026

Abro Management Secures $37.5 Million Refinance Loan From J.P. Morgan Chase For Multifamily Properties
FINANCEDMultiFamily

Abro Management Secures $37.5 Million Refinance Loan From J.P. Morgan Chase For Multifamily Properties

4923 Broadway

$37,500,000

Units

94

Asset Type

MultiFamily

Closing

Mar 13, 2026

About this deal

AI

The transaction involves a refinance loan secured by Abro Management for six multifamily rental buildings located at 4923 Broadway, 736 West 181st Street, 195 Bennett Avenue, 435 Ft Washington Avenue, 2561 Amsterdam Avenue, and 548 East 82nd Street, situated in the Inwood, Washington Heights, and Yorkville neighborhoods of Manhattan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $37,500,000
  • Lender: J.P. Morgan Chase
  • Landlord: Abro Management
  • Loan Type: Refinance

This transaction is led by the Scharf family, which oversees Abro Management. The refinance agreements with JPMorgan Chase include a specific loan of $10.9 million allocated for the 94-unit elevator building at 4915 Broadway in Inwood.

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$37,500,000

MultiFamily

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Players

J.P. Morgan Chase
J.P. Morgan ChaseLender
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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