Maverick Real Estate Partners Secures $20 Million Refinance Loan From Chase Bank For 85-Unit Multifamily Asset
208 East 25th Street
$20,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 26, 2026
AI
The asset involved in the transaction is a multifamily property located at 208 East 25th Street in the Kips Bay neighborhood of Manhattan. It comprises 85 units and is associated with a refinance loan amount of $20,000,000. The lender for this transaction is Chase Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Address: 208 East 25th Street
- Market: Kips Bay, Manhattan
- Lender: Chase Bank
- Landlord: Maverick Real Estate Partners
- Landlord's Representative: Max Ralby & Capri Van Gilder - Newmark
- Loan Type: Refinance
Key individuals involved in the deal include Max Ralby and Capri Van Gilder, who represent Maverick Real Estate Partners in this transaction through their association with Newmark. Their roles highlight the professional representation in securing the refinance deal with Chase Bank.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93