Urby & Panepinto Properties Acquires 317-Unit Multifamily Property In Jersey City For $88.3M | 532 Summit Avenue | Thomas (Tom) Didio, Thomas E. Didio, Jr | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

A non-recourse construction-to-permanent loan of $88,340,000 has been secured for a multifamily property located at 532 Summit Ave in Jersey City. The property consists of 317 units and is owned by Urby & Panepinto Properties.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $88,340,000
Address: 532 Summit Ave, Jersey City
Market: Jersey City
Units: 317
Landlord: Urby & Panepinto Properties
Brokers: Thomas Didio & Thomas E. Didio Jr. - JLL
Date: 05/11/2022

JLL brokers Thomas Didio & Thomas E. Didio Jr. represented the parties involved in this deal. Additional details about the terms and conditions of the loan were not provided.

Players

All
3

Agents
2
Agencies
1

Thomas (Tom) Didio

Senior Managing Director

Thomas E. Didio, Jr

Director

$162M Sold

JLL

Details

Deal Summary

FINANCED

IMAGE: Thomas Didio & Thomas E. Didio Jr DATE: 05/11/2022 ADDRESS: 532 Summit Ave MARKET: Jersey City ASSET TYPE: Multifamily ~ UNITS: 317 LANDLORD: Urby & Panepinto Properties BROKERS: Thomas Didio & Thomas E. Didio Jr. - JLL (@JLL) LOAN AMOUNT: $88,340,000 LOAN TERMS: non-recourse construction-to-permanent loan

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Address532 Summit Avenue

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