Updated Aug 25, 2026
Sym Investments Secures $91.7 Million Acquisition Loan For 334-Unit MultiFamily In West Orange NJ
33 Ashland Avenue
$91,700,000
Units
334
Asset Type
MultiFamily
Closing
Jul 15, 2026
About this deal
AI
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.
On the Map
$91,700,000
MultiFamily
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Players
West 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93