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442 448 Washington Street

Avi Gagin And Eyal Gagin Secure $11.82M Refinance Loan For 63 Unit Multifamily In Newark
FINANCEDMultiFamily

Avi Gagin And Eyal Gagin Secure $11.82M Refinance Loan For 63 Unit Multifamily In Newark

442 448 Washington Street

$11,817,000

Building Size

Asset Type

MultiFamily

Closing

Oct 21, 2025

AI

The property asset involved in this transaction is a multifamily building with a total of 63 units located at 442-448 Washington Street, Newark. The loan amount for this asset was $11,817,000, with the loan type being a refinance at terms of 0.5 over prime.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,817,000
  • Address: 442-448 Washington Street
  • Market: Newark
  • Loan Type: Refinance
  • Loan Terms: 0.5 over prime
  • Landlord: Avi Gagin & Eyal Gagin
  • Landlord's Representative: Brad Domenico, Frank Stanislaski & Ethan Thompson - EDSF Group | CRE Loans - Cushman & Wakefield

Key individuals in this transaction include Avi Gagin and Eyal Gagin, who are the landlords of the property. The landlord's representatives are Brad Domenico, Frank Stanislaski, and Ethan Thompson, who are associated with EDSF Group | CRE Loans, part of Cushman & Wakefield.

Players

Brad Domenico

Cushman & Wakefield

Broker

$3.7B

vol

135 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Newark 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

1.34%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93