Cushman & Wakefield Refinances Multifamily Property In Harrison, NJ For $72M

The property involved in the transaction is a multifamily asset located at 1200 S 5th Street in Harrison, NJ. It has a total square footage of 196,214 and comprises 280 units. The transaction took place on 12/15/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $72,000,000
• Market: Harrison, NJ
• Lender: AIG
• Landlord: Advance Realty Investors - Peter Cocoziello, Alex Cocoziello & Sid Desai
• Brokers: John Alascio, TJ Sullivan, Chuck Kohaut & Zachary Smolev - Cushman & Wakefield

The loan, amounting to $72,000,000, was provided by AIG. The landlord in this transaction is Advance Realty Investors, represented by Peter Cocoziello, Alex Cocoziello, and Sid Desai. The brokers involved in the deal are John Alascio, TJ Sullivan, Chuck Kohaut, and Zachary Smolev from Cushman & Wakefield.