Updated Nov 5, 2025
Chase Bank Provides $3.65M Refinance Loan For 10-Unit Multifamily At 538 East 89th Street
538 East 89th Street
$3,650,000
Units
10
Asset Type
MultiFamily
Closing
Oct 30, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 538 East 89th Street in the Upper East Side market. The property comprises 10 residential units. The refinance loan amount secured for this asset is $3,650,000, provided by Chase Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,650,000
- Lender: Chase Bank
- Broker: Daniel Kowalsky - HKS Real Estate Advisors
- Date of Transaction: 10/31/2025
The deal is represented by broker Daniel Kowalsky from HKS Real Estate Advisors, who facilitated the refinance process for the property owner. This connection showcases the professional relationship between the lender and the broker in managing the transaction effectively.
On the Map
$3,650,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93