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175 2nd Street, Jersey City...

Eyal Shuster & Adam Knoll Refinance Multifamily Property In Jersey City, NJ For $60M
FINANCEDMultiFamily

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

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

Daniel Cohen

Meridian Capital Group

Broker

$364.6M

vol

13 deals

Broker
New York Community Bank
New York Community BankLender

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