Updated Oct 28, 2024
JLL Secures $25.5M Refinance Loan For Multifamily Property In Jersey City
190 Academy Street, Jersey City, New Jersey 07306, United States
$25,500,000
Units
122
Asset Type
Mixed-use
Closing
May 19, 2022
About this deal
AI
An multifamily property located at 190 Academy St in Jersey City has recently undergone a refinance. The property spans 1,350 square feet and is owned by 190 Academy Urban Renewal LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,500,000
- Market: Jersey City
- Date: 05/20/2022
- Address: 190 Academy St
The loan was facilitated by JLL, with Matthew Pizzolato, Max Custer, Michael Oliver, and Salvatore Buzzerio serving as the brokers in the deal.
The mixed use loan at 190 Academy Street, Jersey City, New Jersey 07306, United States in Jersey City, New Jersey financed for $25.5M in 2022. Reported inventory is 122 units across 122 units. Michael Oliver, Salvatore Buzzerio, Max Custer, Matthew Pizzolato appear on the loan alongside JLL. This page is the Jersey City, New Jersey file for the 190 Academy Street, Jersey City, New Jersey 07306, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Jersey City sit in the Market section below. Filter that Jersey City mixed use set by closing date to see what else financed near 190 Academy Street, Jersey City, New Jersey 07306, United States around 2022. Published consideration for 190 Academy Street, Jersey City, New Jersey 07306, United States is $25.5M, dated 2022. Cite this JLL Secures $25.5M Refinance Loan For Multifamily Property In Jersey City loan when underwriting similar mixed use product around Jersey City, New Jersey.
Players
Jersey City 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93