Cushman & Wakefield Arranges $81M Refi of Jersey City Multifamily
Cushman & Wakefield arranged an $81-million refinancing deal for One Grove, a 200-unit multifamily property located at 215 Grove St. in Jersey City. The deal, secured on behalf of borrower Sing Wang of TKK Capital, was financed by Societe Generale with a five-year full-term, interest-only loan.
Brad Domenico, Frank Stanislaski, and Jack Subers of Cushman & Wakefield’s Equity, Debt & Structured Finance group advised the borrowers. Societe Generale was represented by David Froschauer, Paul Cognetti and Carlos Lambarri Altamira in executing the refinancing agreement. Niko Nicolaou and Ryan Dowd of Cushman & Wakefield’s Multifamily Advisory Group advised on the transaction.
One Grove, which opened in 2024, includes a mix of studio to three-bedroom apartments with high-end finishes and appliances. It was designed by MHS Architecture, with approximately 30% of the units featuring private outdoor spaces. The property also offers furnished short-term rental apartments, catering to a variety of leasing needs.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout