Essex County, NJ – Brad Domenico arranged a total of $11,000,000 for a valued client to acquire 3 multifamily properties in East Orange, NJ and 1 in Irvington, NJ.
Between the 4 properties, there are 130 units total. The property located at 405 Stuyvesant Avenue in Irvington, NJ was built in 1960 and consists of 4 buildings. Each multifamily building has 2 stories and there are 33 units total. The property located at 161 No. Arlington Avenue is a single building that was built in 1960. This walk-up apartment building has 2-stories and contains 32 units. The property located at 365 Park Avenue consists of 2-buildings with 3-stories. Built in 1940, it is also a walk-up building consisting of 40 units total. The property located at 376 Park Avenue consists of a 1-building, 4-story Multi Family – Units (walk-up apartment building) built in 1930 containing 25 units.
Essex County has excellent accessible public transportation. Each building is about an 8 minute walk to East Orange Train Station with a 30-minute ride or less to Penn Station Manhattan and located under 10 miles to Newark International Airport.
Brad worked with Red Capital to negotiate the following key terms:
Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners and residential developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.
We Get You to the Closing Table …. Plain and Simple. – #thatsPROGRESS.