Chase Bank Provides $3.65M Refinance Loan For 10-Unit Multifamily At 538 East 89th Street
FINANCED
$3,650,000
New York
See Similar DealsMultiFamily
Financed 10/31/2025
FINANCED
Chase Bank Provides $3.65M Refinance Loan For 10-Unit Multifamily At 538 East 89th Street
538 East 89th Street
See Similar DealsMultiFamily
Financed 10/31/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,650,000.00
Monthly NOI$24,333.33
Monthly Debt Service$23,070.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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