Eyal Shuster & Adam Knoll Refinance Multifamily Property In Jersey City, NJ For $60M
175 2nd Street, Jersey City, New Jersey 07302, United States
$60,000,000
$420/SF
Building Size
142,600 SF
Asset Type
MultiFamily
Closing
Jan 21, 2022
AI
The multifamily property located at 175 2nd Street in Jersey City, NJ has undergone a refinancing transaction. The property spans approximately 142,600 square feet and consists of 148 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $60,000,000
- Address: 175 2nd Street, Jersey City, NJ
- Market: Jersey City, NJ
- Lender: NYCB
- Landlord: Eyal Shuster & Adam Knoll
- Brokers: Daniel Cohen, Zev Karpel & Sean Anderson - Meridian Capital Group
The refinancing deal was facilitated by NYCB. The landlords involved in the transaction are Eyal Shuster and Adam Knoll. Representing the deal were brokers Daniel Cohen, Zev Karpel, and Sean Anderson from Meridian Capital Group.
Players
Jersey City 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93