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950 Underhill Avenue

JPMorgan Chase Provides $40.5M Loan For Bronx Multifamily Acquisition Represented By Jacob Schmuckler & Meir Schlusselberg
FINANCEDMultiFamily

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

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:

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.

Players

Meir Schlusselberg

Arrow Real Estate Advisors

Broker

$511.7M

vol

27 deals

Broker
Arrow Real Estate Advisors
Arrow Real Estate AdvisorsBrokerage

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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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