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2500 83rd Street

Anthony Serafino And Santino Montalbano Secure $47 Million Refinance Loan From Citizens Bank
FINANCEDIndustrial

Anthony Serafino And Santino Montalbano Secure $47 Million Refinance Loan From Citizens Bank

2500 83rd Street

$47,000,000

$156/SF

Building Size

300,015 SF

Asset Type

Industrial

Closing

Jul 23, 2026

AI

The asset involved in this transaction is an industrial property located at 2500 83rd Street in North Bergen, featuring a total square footage of 300,015. The refinance loan secured for this property amounts to $47,000,000.

Summary of transaction details:

This transaction involves key figures in the real estate and finance sectors. The brokers representing the deal are Adam Hakim, Michael Winter, and James Murad from Ripco, facilitating the refinancing for the borrowers, Anthony Serafino and Santino Montalbano of EXP Group.

Players

James Murad

Ripco

Broker

$3.1B

vol

68 deals

Broker
Anthony Serafino

Anthony Serafino

EXP Group

Buyer

$47M

vol

1 deal

Buyer
Citizens Bank
Citizens BankLender

North Bergen Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93