JPMorgan Chase Provides $40.5M Loan For Bronx Multifamily Acquisition Represented By Jacob Schmuckler & Meir Schlusselberg
FINANCED
$40,500,000
New York
See Similar DealsMultiFamily
Financed 11/20/2025
FINANCED
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
See Similar DealsMultiFamily
Financed 11/20/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,500,000.00
Monthly NOI$270,000.00
Monthly Debt Service$255,987.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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