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920 Belmont Avenue, North H...

Updated Sep 9, 2024

G.S. Wilcox & Co Arranges $52M Loan For North Haledon Multifamily Acquisition
FINANCEDMultiFamily

G.S. Wilcox & Co Arranges $52M Loan For North Haledon Multifamily Acquisition

920 Belmont Avenue, North Haledon, New Jersey 07508, United States

$52,000,000

$294/SF

Building Size

176,889 SF

Asset Type

MultiFamily

Closing

Sep 8, 2022

About this deal

AI

The multifamily property located at 920 Belmont Ave in North Haledon has been involved in a recent loan transaction. The property consists of 180 units and spans across 20 acres.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $52,000,000
  • Loan Terms: 20-year term loan

Gretchen Wilcox, Wesley Wilcox, and Al Raymond of G.S. Wilcox & Co acted as the brokers in this deal.

The multifamily loan at 920 Belmont Avenue, North Haledon, New Jersey 07508, United States in North Haledon, New Jersey financed for $52M in 2022. Reported inventory is 176,889 square feet across 180 units, or about 294 per square foot. Wesley Wilcox, Al Raymond, Ryan Dowd, Peter Welch appear on the loan alongside G.S. Wilcox, Cushman & Wakefield, RePropCo. This page is the North Haledon, New Jersey file for the 920 Belmont Avenue, North Haledon, New Jersey 07508, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same North Haledon sit in the Market section below. Filter that North Haledon multifamily set by closing date to see what else financed near 920 Belmont Avenue, North Haledon, New Jersey 07508, United States around 2022. Published consideration for 920 Belmont Avenue, North Haledon, New Jersey 07508, United States is $52M, dated 2022. Cite this G.S. Wilcox & Co Arranges $52M Loan For North Haledon Multifamily Acquisition loan when underwriting similar multifamily product around North Haledon, New Jersey.

Players

Brian Whitmer

RePropCo

Broker

$1.6B

vol

28 deals

Broker

North Haledon MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $294 per square foot on a published $52M for 176,889 square feet (2022).

Visit Wesley Wilcox to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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