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1075 West Side Avenue

Updated Dec 4, 2024

Bravo Property Trust Provides $169.3M Construction Loan For West Side Avenue Multifamily
FINANCEDMultiFamily

Bravo Property Trust Provides $169.3M Construction Loan For West Side Avenue Multifamily

1075 West Side Avenue

$169,300,000

$408/SF

Building Size

415,000 SF

Asset Type

MultiFamily

Closing

Jun 21, 2024

About this deal

AI

The multifamily property located at 1075 West Side Avenue in Jersey City spans 415,000 square feet and consists of 477 units. The recent closed transaction involved a construction loan valued at $169,300,000 provided by Gabi Moshayev, Aaron Krawitz, and Aidan Birnbaum from Bravo Property Trust. The West Side Square Development Fund acted as the landlord for this deal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $169,300,000
  • Units: 477
  • Square Footage: 415,000
  • Address: 1075 West Side Avenue
  • Market: Jersey City
  • Lender: Gabi Moshayev, Aaron Krawitz & Aidan Birnbaum - Bravo Property Trust
  • Loan Type: Construction Loan
  • NOTE FROM LENDER: For financing reach out to [email protected]

The key individuals involved in this transaction were Gabi Moshayev, Aaron Krawitz, and Aidan Birnbaum from Bravo Property Trust, who provided the construction loan. The West Side Square Development Fund served as the landlord for the property. For financing inquiries, interested parties can contact [email protected].

Players

Bravo Property Trust
Bravo Property TrustLender

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $408 per square foot on a published $169.3M for 415,000 square feet (2024).

Browse Jersey City multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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