Located at 120 W. Passaic St in Rochelle Park, this multifamily property consists of 160 units. The transaction took place on December 8, 2022, and was facilitated by Michael Klein and Jon Mikula from JLL Capital Markets. The deal was between Tulfra Real Estate, represented by Sonny Jumani, and the lender Provident Bank, represented by Robert McKee. The loan provided by Provident Bank amounted to $34,800,000 and was a construction loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $34,800,000
• Address: 120 W. Passaic St, Rochelle Park
• Market: Rochelle Park
• Units: 160
• Lender: Provident Bank - Robert McKee
• Landlord: Tulfra Real Estate - Sonny Jumani
• Brokers: Michael Klein & Jon Mikula - JLL Capital Markets

The transaction involved the collaboration of Tulfra Real Estate, a real estate company represented by Sonny Jumani, and Provident Bank, which provided the construction loan. Michael Klein and Jon Mikula from JLL Capital Markets acted as brokers in the deal.