facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Loan

/

1255 Broad Street

Brad Domenico, Frank Stanislaski & Ethan Thompson Of EDSF Group Close $33.1M Office Refinance In Clifton
FINANCEDOffice

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:

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

Brad Domenico

Cushman & Wakefield

Broker

$3.7B

vol

135 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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