Cushman & Wakefield Refinances Multifamily Property In Harrison, NJ For $72M | 1200 South 5th Street | Zachary Smolev, TJ Sullivan, Chuck Kohaut, John Alascio | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

196,214 sqft

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

Property Type: Multifamily
Transaction Amount: $72,000,000
Market: Harrison, NJ
Lender: AIG
Landlord: Advance Realty Investors - Peter Cocoziello, Alex Cocoziello & Sid Desai
Brokers: John Alascio, TJ Sullivan, Chuck Kohaut & Zachary Smolev - Cushman & Wakefield

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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Players

All
5

Agents
4
Agencies
1

$188.3M Sold

Director, Equity, Debt, & Structured Finance

$188.3M Sold

John Alascio

Executive Managing Director

$206.3M Sold

Details

Deal Summary

FINANCED

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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Address1200 South 5th Street

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