Updated Sep 9, 2024
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
North Haledon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Wesley Wilcox to view all their deals.
Browse New Jersey multifamily loans on Traded.
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