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
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