Eyal Shuster Of DVORA Secures $32 Million Loan From Nationwide For 119-Unit Multifamily Property

The property asset involved in this transaction is a 12-story multifamily building located at 148 1st Street in Jersey City, NJ. The 119-unit luxury apartment building, known as Art House, was constructed in 2014 and is currently 97% leased. The property features various amenities, including a rooftop pool, fitness center, coworking spaces, and concierge services.

The key individuals and companies involved in the deal include Eyal Shuster, representing DVORA as the landlord, and brokers Matthew Pizzolato, Jason Gaccione, Shawn Rosenthal, Josh Stein, Carlos Silva, and Jake Salkovitz, who facilitated the transaction through CBRE. This refinancing initiative for Art House emphasizes the property’s appeal within the Downtown Jersey City market.