Updated Dec 9, 2025
Henry Moses, JR. Secures $12.85M Refinance Loan From JP Morgan Chase For Multifamily Asset
507 East 81st Street & 20 Commerce Street
$12,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 2, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 507 East 81st Street & 20 Commerce Street in the Manhattan market. The loan amount for this property is $12,850,000, and it is classified as a refinance loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,850,000
- Lender: JP Morgan Chase
- Landlord: Henry Moses, JR.
- Broker: Ezra Sutton - Meridian Capital Group
- Loan Type: Refinance
The key individuals involved in this transaction include Henry Moses, JR., the landlord, and Ezra Sutton representing Meridian Capital Group as the broker in this deal, facilitating the loan arrangement with JP Morgan Chase.
On the Map
$12,850,000
MultiFamily
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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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93