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154 Avenue F

AMS Acquisitions Obtains $21M Refinance Loan For 85 Unit Multifamily Property In Bayonne
FINANCEDMultiFamily

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

Dwight Capital
Dwight CapitalLender

Dustin Braham

Dwight Capital

Lender

$538.4M

vol

10 deals

Lender

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