Capodagli Property Company Secures $65M Loan For Mixed-Use Property In Roselle Park
10 Westfield Avenue West, Roselle Park, NJ, USA
$65,000,000
$2,638/SF
Building Size
24,636 SF
Asset Type
Mixed-use
Closing
Mar 14, 2021
AI
The mixed-use property located at 10 West Westfield Avenue in Roselle Park has recently undergone a loan transaction. The loan was provided by ACORE Capital, with Kory Klebanoff representing the lending institution. The loan amount for this transaction was $65,000,000. The property consists of 325 units.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $65,000,000
- Address: 10 West Westfield Avenue, Roselle Park
- Market: Roselle Park
In addition to the lending institution, other key individuals and companies involved in this transaction include the Capodagli Property Company, represented by George Capodagli as the landlord. The brokers who facilitated this deal were Drew Fletcher, Miryam Kops, and Bryan Grover from Greystone Capital Advisors.
Players
Roselle Park Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93