Sym Investments Secures $91.7 Million Acquisition Loan For 334-Unit MultiFamily In West Orange NJ

The asset involved in this transaction is a MultiFamily property located at 33 Ashland Avenue in West Orange, NJ. The property comprises 334 units and has an acquisition loan amount of $91,700,000 with full-term interest-only loan terms.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $91,700,000
• Lender: New York Life Investment Management
• Landlord: Sym Investments
• Landlord's Representatives: Brad Domenico, John Alascio, Frank Stanislaski, Chuck Kohaut & Jack Subers - Cushman & Wakefield
• Sale Brokers: Niko Nicolaou & Ryan Dowd - Cushman & Wakefield
• Date: 07/15/2026

The transaction highlights the collaboration between multiple representatives and brokers from Cushman & Wakefield, reflecting a strong network in the real estate market. The finance support provided by New York Life Investment Management emphasizes the viability of the investment in this property sector.