Updated Feb 5, 2025
The Stro Companies Refinances Industrial Properties In Woodbridge & Moonachie With $9.6M Loan
2 Amboy Avenue, Woodbridge, NJ, USA
$9,600,000
$159/SF
Building Size
60,303 SF
Asset Type
Industrial
Closing
Jan 31, 2021
About this deal
AI
The Stro Companies, a real estate investment firm, secured a loan of $9,600,000 for the refinance of an industrial property located at 2 Amboy Ave & 111 Moonachie Ave in Woodbridge & Moonachie. The property is an industrial warehouse, and the loan was provided by Signature Bank (SBNY) with Joseph Fingerman serving as the representative from the bank.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,600,000
- Address: 2 Amboy Ave & 111 Moonachie Ave
- Market: Woodbridge & Moonachie
Joseph Fingerman, representing Signature Bank (SBNY), played a key role in facilitating the loan for The Stro Companies. The Stro Companies, currently seeking to acquire industrial warehouse properties in New Jersey, can be contacted via email at [email protected] for any sale opportunities or development sites.
Players
Woodbridge Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit The Stro Companies to view all their deals.
Browse New Jersey industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93