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
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.
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