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
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.
Players
North Haledon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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