Mark Irgang Secures $3M Refinance Loan For Multifamily Property At 6 East 132nd Street
6 East 132nd Street
$3,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 29, 2025
AI
The asset involved in this transaction is a multifamily property located at 6 East 132nd Street in Central Harlem. The transaction involved a refinance loan amount of $3,000,000. The property is situated in a market known for its diverse residential options.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Loan Type: Refinance
- Landlord: Mark Irgang
- Broker Representatives: Simon Rosenfeld & Ariel Taieb - Meridian Capital Group
- Date of Transaction: 10/30/2025
The deal features key individuals such as Mark Irgang, who is the landlord, along with broker representatives Simon Rosenfeld and Ariel Taieb from Meridian Capital Group, facilitating the transaction. Their roles were essential in navigating the refinance process and arranging the necessary financing for the property.
Players
New York 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93