Chase Bank Provides $14 Million Loan For Bronx Multifamily Acquisition By Jacob Schmuckler & Meir Schlusselberg
East 151st Street & 643 Tinton Avenue
$19,625,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 3, 2025
AI
The Tegford Portfolio is a multifamily property located in the Bronx market. The asset has secured a loan amount of $14,000,000 for acquisition purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Lender: Chase Bank
- Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors
The transaction involves key representatives from Arrow Real Estate Advisors, specifically Jacob Schmuckler and Meir Schlusselberg, who are instrumental in facilitating the loan arrangement with Chase Bank for the Tegford Portfolio.
Players
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93