facebook
Traded Co logo
Submit

TriState Capital Bank Provides $8.35M Construction Loan For Multifamily Property In East Orange, NJ

Property Image
FINANCED
$8,350,000
Brad Domenico
AG

New Jersey

See Similar Deals
MultiFamily44 SF
Financed 10/18/2022
the dealplayerscompscontact
Property Image
FINANCED

TriState Capital Bank Provides $8.35M Construction Loan For Multifamily Property In East Orange, NJ

10 South Grove Street

See Similar Deals
MultiFamily44 SF
Financed 10/18/2022
Brad Domenico
AG
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$189,772
Total Square Footage:44 SF
Transaction Type:Loan

Located at 10 S. Grove Street in East Orange, NJ, this multifamily property spans a total of 44,089 square feet and consists of 48 units. The property, owned by Avi Gagin, was part of a recent closed transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,350,000
  • Loan Type: Construction

The loan for this transaction was provided by TriState Capital Bank. Brad Domenico of Progress Capital represented the buyer in this deal.

Players

Brad Domenico
Cushman & Wakefield
Brad Domenico
134 deals$3.6B volume
BROKER
AG
Abraham Gagin
9 deals$142.3M volume
BROKER
AG
Abraham Gagin
9 deals$142.3M volume
BROKER
Progress Capital
Progress Capital
BROKERAGE
AG
Abraham Gagin
9 deals$142.3M volume
LANDLORD

Details

FINANCED
IMAGE: Brad Domenico DATE: 10/18/2022 ADDRESS: 10 S. Grove Street MARKET: East Orange, NJ ASSET TYPE: Multifamily ~ SF: 44,089 ~ UNITS: 48 LENDER: TriState Capital Bank (@TriStateBank) LANDLORD: Avi Gagin BROKER: Brad Domenico (@Domenico317) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $8,350,000 LOAN TYPE: Construction

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,350,000.00

Monthly NOI$55,666.67
Monthly Debt Service$52,777.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00