Benjamin Schwartz And Brian Dulitz Secure $3.168M Refinance For Hamilton Heights Multifamily Property
551 West 149th Street
$3,168,000
$163/SF
Building Size
19,426 SF
Asset Type
MultiFamily
Closing
Aug 28, 2025
AI
The multifamily property located at 551 West 149th Street in Hamilton Heights has a total square footage of 19,426 and comprises 21 units. The loan amount secured for refinancing is $3,168,000, provided by JP Morgan Chase.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,168,000
- Address: 551 West 149th Street
- Market: Hamilton Heights
- Lender: JP Morgan Chase
- Landlord: Benjamin Schwartz & Brian Dulitz
- Brokerage: Filler Capital
- Brokers: Yossi Koschitzki, Michael Neumann & Isaac Filler
- Asset Size: 19,426 SF
- Units: 21
Filler Capital LLC facilitated the refinancing on behalf of Benjamin Schwartz and Brian Dulitz. The team provided creative structuring and leveraged strong lending relationships, while coordinating closely with NYC HPD to manage necessary subordinations for the affordable housing component. The Filler Capital team included Isaac Filler, Yossi Koschitzki, Steve Edelstein, Moe Rosenblum, Shaya Hirtz, and Jordan Gellman.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.01%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93