Daily limit: 0/10
Sabet Group Refinances Multifamily Buildings At 504-508 East 12th Street For $22.8M
FINANCED
$22,800,000
New York
See Similar DealsMultiFamily
Financed 12/23/2025
FINANCED
Sabet Group Refinances Multifamily Buildings At 504-508 East 12th Street For $22.8M
504 East 12th Street & 508 East 12th Street
See Similar DealsMultiFamily
Financed 12/23/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The transaction involves two 28-unit residential walkup buildings located at 504 East 12th Street and 508 East 12th Street in Alphabet City, Manhattan, NY. The total loan amount secured for the refinance is $22,800,000, succeeding a previous loan of $14,200,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $22,800,000
- Lender: J.P. Morgan Chase
- Landlord: Alfred Sabetfard
- Agency: Sabet Group
- Loan Type: Refinance
- Closing Date: December 23, 2025
Sabet Group, represented by Alfred Sabetfard, successfully refinanced the properties through 504-508 E 12 Street LLC with J.P. Morgan Chase, marking a significant financial maneuver in the multifamily sector of the Manhattan market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,800,000.00
Monthly NOI$152,000.00
Monthly Debt Service$144,111.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions