Updated Oct 28, 2024
Skylight Real Estate Partners Acquires Multifamily Property In Fort Lee For $67.7M
2030 Hudson Street, Fort Lee, New Jersey 07024, United States
$67,700,000
Units
277
Asset Type
MultiFamily
Closing
Oct 17, 2022
About this deal
AI
The multifamily property located at 2030 Hudson Street in Fort Lee has been involved in a closed transaction. The property consists of 277 units and was sold by Ares Real Estate. The sale was facilitated by CBRE's brokers - Jeff Dunne, Stuart MacKenzie, Eric Apfel, Zach McHale, and Travis Langer. The buyer's representatives were Andrew Miller from Skylight Real Estate Partners and Brian Haber from PCCP. Jason Gaccione from CBRE acted as the broker in the deal. New York Community Bank provided an acquisition loan for the transaction, with a loan amount of $67,700,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $67,700,000
- Address: 2030 Hudson Street
- Market: Fort Lee
- Units: 277
Skylight Real Estate Partners' representative, Andrew Miller, and PCCP's representative, Brian Haber, were the landlords in the transaction. CBRE's broker, Jason Gaccione, played a key role in facilitating the deal. The lender for the acquisition loan was New York Community Bank.
Players
Fort Lee 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93