FINANCEDMultiFamily
Arbor Realty Trust Provides $14.1M Refinance Loan For Multifamily Property In Jersey City
76 Cottage Street
$14,110,000
$563/SF
Building Size
25,036 SF
Asset Type
MultiFamily
Closing
Jan 30, 2024
AI
A multifamily property located at 76 Cottage Street in Jersey City has been closed on. The property spans 25,036 square feet and falls under the multifamily asset type category.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $14,110,000
- Lender: Arbor Realty Trust
- Brokers: Michael Wyne & Asher Samberg - GPARENCY
- Loan Type: Refinance
- Loan Terms: 3 Years of I/O, 6.09%
The lender for this transaction is Arbor Realty Trust. Representing both parties involved in the deal, Michael Wyne and Asher Samberg from GPARENCY acted as brokers.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93