Abro Management signs refis totaling $37.5M with Chase for 6 rentals in Manhattan

The Scharf family’s Abro Management signed refinance deals totaling $37.5 million with JPMorgan Chase for six Manhattan rental buildings with a total of 345 units in Inwood, Washington Heights and Yorkville.

In the largest, Abro Management through the entity 4915 Broadway Realty LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $10.9 million for the 94-unit residential elevator building (D7) at 4915 Broadway in Inwood, Manhattan.
The deal closed on March 13, 2026 and was recorded on March 23, 2026. The prior lender was JPMorgan Chase which held debt that had an original loan amount of $12.1 million.The property has 107,085 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $101 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on April 30, 2013, for $1.8 million. The signatory for Abro Management was Richard Scharf . The signatory for JPMorgan Chase was Ursula Flores .
The other addresses are 736 West 181st Street, 195 Bennett Avenue, 435 Ft Washington Avenue, 2561 Amsterdam Avenue and 548 East 82nd Street.

Prior sales, articles and revenue

The owners according to the Department of Housing Preservation and Development includes Martin Scharf, head officer and Richard Scharf, officer. The business entity is 4915 Broadway Realty Llc. The 107,085-square-foot property generated revenue of $2.7 million or $25 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 94 residential units in Inwood has 107,085 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 200 feet and is 150 feet deep with a total lot size of 30,000 square feet. The zoning is R7-2 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $10.1 million. JPMorgan Chase on March 13, 2026 bought a loan with an original principal of $12.1M from JPMorgan Chase signed by prior lender signatory, secured by 4915 Broadway, when owned by Abro Management . The property has 73 rent regulated units according to city tax records from 2024.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received 66 housing violations, $14,375 in OATH penalties, and two housing litigations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 15 of the 17 commercial properties representing 280,323 square feet of the 334,557 square feet. The largest owner is Abro Management, followed by Michael Daniel and then Isaac Katz.
There are no active new building construction projects on this tax block.

The majority, or 60 percent of the 334,557 square feet of built space are elevator buildings, with walkup buildings next occupying 40 percent of the space.

The borrower

The PincusCo database currently indicates that Abro Management owned at least 45 commercial properties with 2,604 residential units in New York City with 2,543,991 square feet and a city-determined market value of $322.3 million. (Market value is typically about 50% of actual value.) The portfolio has $244.2 million in debt, with top three lenders as New York Community Bank, Ladder Capital, and JPMorgan Chase respectively. Within the portfolio, the bulk, or 95 percent of the 2,543,991 square feet of built space are elevator properties, with walkup properties next occupying 5 percent of the space. The bulk, or 64 percent of the built space, is in Manhattan, with Queens next at 18 percent of the space.

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