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420 Marin Blvd Jersey City,...

Updated Sep 11, 2026

FINANCEDMultiFamily

Brookfield & G&S Secure $420M Construction Loan For Multifamily At 420 Marin Blvd

420 Marin Blvd Jersey City, NJ 07302, USA

$420,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 14, 2023

About this deal

AI

Ullico, Washington Capital Management, and AFL-CIO Housing Investment Trust have provided a $420,000,000 construction loan for a multifamily property located at 420 Marin Boulevard in Jersey City, NJ. The property is owned by Brookfield Properties and G&S Investors.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $420,000,000
  • Lender: Ullico, Washington Capital Management, AFL-CIO Housing Investment Trust
  • Landlord: Brookfield Properties, G&S Investors

The loan was brokered by Richard Horowitz and Justin Horowitz of Cooper Horowitz.

The multifamily loan at 420 Marin Blvd Jersey City, NJ 07302, USA in New Jersey, New Jersey financed for $420M in 2023. 420 Marin Blvd Jersey City, NJ 07302, USA is classified as Multifamily on Traded. Richard Horowitz, Justin Horowitz, Cooper Horowitz, Brookfield Properties appear on the loan alongside Cooper Horowitz, Brookfield Properties. This page is the New Jersey, New Jersey file for the 420 Marin Blvd Jersey City, NJ 07302, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New Jersey sit in the Market section below. Filter that New Jersey multifamily set by closing date to see what else financed near 420 Marin Blvd Jersey City, NJ 07302, USA around 2023. Published consideration for 420 Marin Blvd Jersey City, NJ 07302, USA is $420M, dated 2023. Cite this Brookfield & G&S Secure $420M Construction Loan For Multifamily At 420 Marin Blvd loan when underwriting similar multifamily product around New Jersey, New Jersey.

Players

Justin Horowitz

Brookfield Properties

Broker

$2.6B

vol

34 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage
United Labor Life Insurance Company (ULLICO)
United Labor Life Insurance Company (ULLICO)Lender

New Jersey 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

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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