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445 Livingston Street, Norw...

Valley Bank Provides $10M Loan For Mixed-Use Property At 445-461 Livingston Street In Norwood
FINANCEDMixed-use

Valley Bank Provides $10M Loan For Mixed-Use Property At 445-461 Livingston Street In Norwood

445 Livingston Street, Norwood, New Jersey 07648, United States

$10,000,000

$241/SF

Building Size

41,463 SF

Asset Type

Mixed-use

Closing

Sep 20, 2022

AI

The mixed-use property located at 445-461 Livingston Street in Norwood has been involved in a closed transaction. The property consists of 32 units with a total square footage of 41,463. The transaction took place on 09/21/2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,000,000
  • Address: 445-461 Livingston Street, Norwood
  • Market: Norwood
  • Units: 32
  • Square Footage: 41,463

The loan for this transaction was provided by Valley Bank. The loan amount was $10,000,000, and the loan terms are a 10-year fixed-rate loan.

The landlord of the property is Maxim Realty Trust, represented by Gerry A. Puccio. The broker involved in the deal was Gregory Nalbandian from JLL Capital Markets.

Players

Gregory Nalbandian

JLL

Broker

$1.5B

vol

25 deals

Broker
Valley National Bank
Valley National BankLender

Gerry A. Puccio

Maxim Realty Trust

Landlord

$22M

vol

2 deals

Landlord

Norwood 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93