Updated Feb 4, 2026
JPMorgan Chase Provides $40.5M Loan For Bronx Multifamily Acquisition Represented By Jacob Schmuckler & Meir Schlusselberg
950 Underhill Avenue, 2010 Bruckner Boulevard & 801 Neill Avenue
$40,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2025
About this deal
AI
The transaction involves a multifamily asset located at 950 Underhill Avenue, 2010 Bruckner Boulevard & 801 Neill Avenue in the Bronx. The loan amount secured for the acquisition of this property is $40,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,500,000
- Lender: JPMorgan Chase
- Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors
- Market: Bronx
The transaction is represented by the landlords' representatives Jacob Schmuckler and Meir Schlusselberg, who are affiliated with Arrow Real Estate Advisors, showcasing their involvement in facilitating this acquisition deal.
On the Map
$40,500,000
MultiFamily
View full map
Players
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Bronx multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93