Updated May 12, 2025
AMS Acquisitions Obtains $21M Refinance Loan For 85 Unit Multifamily Property In Bayonne
154 Avenue F
$21,000,000
$232/SF
Building Size
90,250 SF
Asset Type
MultiFamily
Closing
Jan 31, 2025
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 154 Avenue E, in the Bayonne market. The property comprises 85 units and encompasses a total square footage of 90,250. The loan amount secured for this property is $21,000,000, classified as a refinance loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 154 Avenue E
- Market: Bayonne
- Units: 85
- Square Footage: 90,250
- Lender: Katie Goldenberg, Andrew Tichy, Dustin Braham & Grant Heilman - Dwight Mortgage Trust
- Landlord: AMS Acquisitions
- Loan Type: Refinance
The individuals involved in the deal include the lending representatives: Katie Goldenberg, Andrew Tichy, Dustin Braham, and Grant Heilman, who are associated with Dwight Mortgage Trust. AMS Acquisitions acts as the landlord in this transaction.
On the Map
$21,000,000
$232/SF
MultiFamily
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Players
Bayonne MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93