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901 Seneca Avenue

FourLeaf Federal Credit Union Provides $1.78M Refinance Loan For Ridgewood Multifamily Property
FINANCEDMultiFamily

FourLeaf Federal Credit Union Provides $1.78M Refinance Loan For Ridgewood Multifamily Property

901 Seneca Avenue

$1,780,000

Building Size

Asset Type

MultiFamily

Closing

Aug 14, 2025

AI

The property involved in this transaction is a multifamily asset located at 901 Seneca Avenue in Ridgewood. The lender associated with this transaction is FourLeaf Federal Credit Union, providing a refinance loan amount of $1,780,000.

Summary of transaction details:

The transaction showcases the expertise of the landlord's representatives, Jacob Schmuckler and Meir Schlusselberg, affiliated with Arrow Real Estate Advisors, who played a crucial role in facilitating the deal. Their involvement highlights the collaborative efforts of real estate professionals in securing financing for real estate assets.

Players

Meir Schlusselberg

Arrow Real Estate Advisors

Broker

$529.5M

vol

28 deals

Broker
Arrow Real Estate Advisors
Arrow Real Estate AdvisorsBrokerage
FourLeaf Federal Credit Union
FourLeaf Federal Credit UnionLender

Ridgewood 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

8.91%

Cash-on-Cash

-2.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93