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2859 John F Kennedy Boulevard

Josh Zegen & Samir Tejpaul Of Madison Realty Capital Provide $375 Million Loan For Mixed-Use Development In Jersey City
FINANCEDMixed-use

Josh Zegen & Samir Tejpaul Of Madison Realty Capital Provide $375 Million Loan For Mixed-Use Development In Jersey City

2859 John F Kennedy Boulevard

$375,000,000

Building Size

Asset Type

Mixed-use

Closing

Jun 23, 2026

AI

The asset involved in the transaction is a mixed-use property located at 2859 John F Kennedy Boulevard, Jersey City. The loan amount for this property is $375,000,000, categorized as a construction loan.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $375,000,000
  • Lender: Josh Zegen & Samir Tejpaul - Madison Realty Capital
  • Landlord: Ezra Nasser & Michael Sokoloff - Nasser Freres
  • Brokers: Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Christopher de Raet & Jack Krentzman - Walker & Dunlop

This transaction involves notable individuals such as the lenders Josh Zegen and Samir Tejpaul, who represent Madison Realty Capital in providing financing for the project. The landlords, Ezra Nasser and Michael Sokoloff, are associated with Nasser Freres, playing a significant role in the deal's execution.

Players

Josh Zegen

Madison Realty Capital

Originator

$6.5B

vol

50 deals

Originator

Market 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

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93