facebook
Traded Co logo
Submit

Avi & Eyal Gagin Secure $30M Construction Loan For Multifamily Property Jersey City, NJ

Property Image
FINANCED
$30,000,000
Brad Domenico
AG

New Jersey

See Similar Deals
MultiFamily272,884 SF
Financed 10/04/2023
the dealplayerscompscontact
Property Image
FINANCED

Avi & Eyal Gagin Secure $30M Construction Loan For Multifamily Property Jersey City, NJ

859 Communipaw Avenue & 869 Communipaw Avenue

See Similar Deals
MultiFamily272,884 SF
Financed 10/04/2023
Brad Domenico
AG
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$109
Total Square Footage:272,884 SF
Transaction Type:Loan

Avi and Eyal Gagin have secured a $30,000,000 construction loan for their multifamily property located at 859-869 Communipaw Avenue in Jersey City, NJ. The property spans a total area of 136,442 square feet, showcasing its spaciousness and potential. The loan was provided by Eric Regenbogen from Arbor Realty Trust, enabling the Gagins to pursue their construction plans.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $30,000,000
  • Address: 859-869 Communipaw Avenue, Jersey City, NJ
  • Market: Jersey City, NJ
  • Lender: Eric Regenbogen - Arbor Realty Trust
  • Landlord: Avi & Eyal Gagin
  • Broker: Brad Domenico - Progress Capital

Brad Domenico of Progress Capital played an instrumental role as the broker for this transaction, facilitating the connection between the Gagins and Eric Regenbogen from Arbor Realty Trust. This loan marks an important step in the Gagins' plans for the multifamily property, allowing them to move forward with their construction project.

Players

Brad Domenico
Cushman & Wakefield
Brad Domenico
134 deals$3.6B volume
BROKER
AG
Abraham Gagin
9 deals$142.3M volume
BROKER
AG
Abraham Gagin
9 deals$142.3M volume
BROKER
Progress Capital
Progress Capital
BROKERAGE
Arbor Realty Trust
Arbor Realty Trust
LENDER
AG
Abraham Gagin
9 deals$142.3M volume
LANDLORD
WP
West of Hudson Properties
LANDLORD

Details

FINANCED
IMAGE: Avi Gagin, Brad Domenico & Eyal Gagin DATE: 10/04/2023 ADDRESS: 859-869 Communipaw Avenue MARKET: Jersey City, NJ ASSET TYPE: Multifamily ~ SF: 136,442 LENDER: Eric Regenbogen (@Eric_Regz) - Arbor Realty Trust (@ArborRealtyTrust) LANDLORD: Avi & Eyal Gagin BROKER: Brad Domenico (@Domenico317) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $30,000,000 LOAN TYPE: Construction

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

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
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,000,000.00

Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00