Cooper-Horowitz Facilitates $7.25M Loan For Multifamily Property In Jersey City
SOLD
$7,250,000
New Jersey
See Similar DealsMultiFamily5,188 SF
Sold 04/29/2021
SOLD
Cooper-Horowitz Facilitates $7.25M Loan For Multifamily Property In Jersey City
233 Newark Avenue, Jersey City, NJ, USA
See Similar DealsMultiFamily5,188 SF
Sold 04/29/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,397
Total Square Footage:5,188 SF
Transaction Type:Sale
A $7,250,000 loan was secured for a multifamily property located at 233-237 Newark Avenue in Jersey City, NJ. The loan was provided by Fort Amsterdam Capital, with David Schwartz and Evan O'Connor representing the lending company. David Slurzberg is the landlord of the property. The deal was facilitated by Jake Lapidot and Richard Horowitz of Cooper-Horowitz.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,250,000
- Lender: Fort Amsterdam Capital - David Schwartz & Evan O'Connor
- Landlord: David Slurzberg
- Brokers: Jake Lapidot & Richard Horowitz - Cooper-Horowitz
The loan transaction involved the collaboration of key individuals and companies. David Schwartz and Evan O'Connor represented Fort Amsterdam Capital, the lending company. David Slurzberg served as the landlord of the property. Facilitating the deal were Jake Lapidot and Richard Horowitz from Cooper-Horowitz.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,757.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,368.70
Annual Debt Service$412,424.39
Is there something missing? Send suggestions