Domenick Tonacchio, Daniel Spiegel & Yehuda Kotkes Secure $62.5M Refinance Loan For Newark Multifamily
FINANCED
$62,500,000
New Jersey
See Similar DealsMultiFamily173,041 SF
Financed 10/04/2024
FINANCED
Domenick Tonacchio, Daniel Spiegel & Yehuda Kotkes Secure $62.5M Refinance Loan For Newark Multifamily
50 Sussex Avenue
See Similar DealsMultiFamily173,041 SF
Financed 10/04/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$361
Total Square Footage:173,041 SF
Transaction Type:Loan
The property asset involved in this transaction is located at 50 Sussex Avenue in Newark, NJ, comprising a multifamily building with a total square footage of 173,041 and 203 units. The total loan amount secured for this asset is $62,500,000, classified as a refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $62,500,000
- Address: 50 Sussex Avenue
- Market: Newark, NJ
- Asset Size: 173,041 SF
- Units: 203
- Lender: Aaron Krawitz - Bravo Capital
- Landlord: Domenick Tonacchio, Daniel Spiegel & Yehuda Kotkes
- Broker: Shlomo Weissberg - Meridian Capital Group
The key individuals involved in this transaction include Aaron Krawitz from Bravo Capital, serving as the lender, alongside landlords Domenick Tonacchio, Daniel Spiegel, and Yehuda Kotkes. The brokerage representation was provided by Shlomo Weissberg from Meridian Capital Group, facilitating this refinance transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$62,500,000.00
Monthly NOI$416,666.67
Monthly Debt Service$395,042.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions