Updated Sep 1, 2025
Skylight Real Estate Partners Acquires Property From Ares Commercial Real Estate For $116.5M In Fort Lee
2030 Hudson St, Fort Lee, NJ, 07024
$116,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 18, 2022
About this deal
AI
The property asset involved in the transaction is located at 2030 Hudson St, Fort Lee, NJ, 07024. The transaction was completed for a price of $116,500,000.00. The market value is established in the Fort Lee area. The property features a total square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $116,500,000.00
- Address: 2030 Hudson St, Fort Lee, NJ, 07024
- Market: Fort Lee
- Seller: Ares Commercial Real Estate
- Buyer: Skylight Real Estate Partners
- Seller's Representative: Eric Apfel - CBRE
- Broker: Jeffrey Dunne - CBRE
The deal involved key individuals and companies, with Eric Apfel representing the seller, Ares Commercial Real Estate, and Jeffrey Dunne serving as the broker in the transaction. Skylight Real Estate Partners acted as the buyer in this sale.
Players
Fort Lee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93