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Cushman & Wakefield Refinances Multifamily Property In Harrison, NJ For $72M

1200 South 5th Street
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This MultiFamily property located in NJ received a loan of $72,000,000 over 2 years ago. The brokers of the deal were Zachary Smolev, TJ Sullivan, Chuck Kohaut, and John Alascio

The property involved in the transaction is a multifamily asset located at 1200 S 5th Street in Harrison, NJ. It has a total square footage of 196,214 and comprises 280 units. The transaction took place on 12/15/2021.

Summary of transaction details

The loan, amounting to $72,000,000, was provided by AIG. The landlord in this transaction is Advance Realty Investors, represented by Peter Cocoziello, Alex Cocoziello, and Sid Desai. The brokers involved in the deal are John Alascio, TJ Sullivan, Chuck Kohaut, and Zachary Smolev from Cushman & Wakefield.

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Deals
  • Location
    1200 South 5th Street1200 South 5th Street
  • Loan Value
    $72,000,000$72,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Zachary Smolev

Zachary Smolev

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Financed$532M

TJ Sullivan

TJ Sullivan

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Financed$1.9B

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

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Deal Summary

LOAN IMAGE: John Alascio, Chuck Kohaut, TJ Sullivan & Zachary Smolev DATE: 12/15/2021 ADDRESS: 1200 S 5th Street MARKET: Harrison, NJ ASSET TYPE: Multifamily ~ SF: 196,214 ~ UNITS: 280 LENDER: AIG LANDLORD: Advance Realty Investors - Peter Cocoziello, Alex Cocoziello & Sid Desai BROKERS: John Alascio, TJ Sullivan, Chuck Kohaut & Zachary Smolev - Cushman & Wakefield LOAN AMOUNT: $72,000,000 LOAN TYPE: Refinance

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1200 South 5th Street

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