Steven Fox & Robert Foxx Secure $18.44M Construction Loan For Mixed-use Property In Green Brook
74 Greenbrook Road
$18,440,000
$209/SF
Building Size
87,835 SF
Asset Type
Mixed-use
Closing
Sep 22, 2025
AI
The asset involved in this transaction is a mixed-use property located at 74 Greenbrook Road in the Green Brook market. The property comprises 85 units and has a total square footage of 87,835. The landlord of the property is Steven Fox & Robert Foxx.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,440,000
- Loan Type: Construction
- Loan Terms: 24 Months I/O with permanent conversion option
- Landlord: Steven Fox & Robert Foxx
- Landlord's Representative: Kathy Anderson & Caillin Boles - Cushman & Wakefield
- Date: 09/23/2025
Kathy Anderson & Caillin Boles from Cushman & Wakefield represent the landlords in this transaction. They have played a key role in facilitating the loan process for the construction financing of this property.
Players
Green Brook 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93