Updated Oct 29, 2025
George Capodagli's Capodagli Property Company Secures $285.7M Refinance Loan From PGIM
209 Valley Street, 261 Wanaque Avenue, 1001 West Elizabeth Avenue & 110 Bergen Turnpike
$285,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 29, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 209 Valley Street, 261 Wanaque Avenue, 1001 West Elizabeth Avenue, and 110 Bergen Turnpike in the markets of South Orange, Pompton Lakes, Linden, and Little Ferry. The total loan amount secured for this refinance is $285,700,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $285,700,000
- Lender: PGIM
- Landlord: George Capodagli - Capodagli Property Company
- Landlord's Representative: Drew Fletcher, Bryan Grover, Jesse Kopecky & Miryam Reinitz-Kops - Greystone
This transaction involved a partnership between PGIM as the lender and George Capodagli representing the Capodagli Property Company. The professionals involved from Greystone offer experienced representation in the refinancing process, showcasing a collaborative effort to enhance the property holdings within these New Jersey markets.
On the Map
$285,700,000
MultiFamily
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South Orange 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93