Norkez Properties Secures $19.2M Construction Loan For Multifamily Property In Jersey City, NJ
454 2nd Street
MultiFamily
87,843 SF
87,843 SF
Summary
A construction loan has been secured for a multifamily property located at 454 2nd Street in Jersey City, NJ. The property spans approximately 87,843 square feet and consists of 48 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,246,000
- Date: 12/06/2021
- Market: Jersey City, NJ
The construction loan was provided by Valley Bank. Norkez Properties is the landlord of the property. The transaction was facilitated by Daniel Cohen and Tal Savariego from Meridian Capital Group, serving as brokers.
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454 2nd Street
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