Brad Domenico, Frank Stanislaski & Ethan Thompson Of EDSF Group Close $33.1M Office Refinance In Clifton
1255 Broad Street
$33,100,000
$151/SF
Building Size
218,823 SF
Asset Type
Office
Closing
Dec 9, 2025
AI
The asset involved in this transaction is an office property located at 1255 Broad Street in Clifton, encompassing a total square footage of 218,823. The refinance loan secured amounts to $33,100,000 with a fixed interest rate of 5.92% and a 12-month interest-only period.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $33,100,000
- Loan Type: Refinance
- Loan Terms: 5.92% fixed, 12 months I/O
- Landlord's Representative: Brad Domenico, Frank Stanislaski & Ethan Thompson - EDSF Group | CRE Loans - Cushman & Wakefield
The transaction was facilitated by the landlord's representatives, Brad Domenico, Frank Stanislaski, and Ethan Thompson, who are affiliated with EDSF Group and Cushman & Wakefield, handling the refinancing process on behalf of the landlord.
Players
Clifton Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93