Journal Squared Tower 2
A multifamily property in Jersey City, New Jersey. Securitized in 1 CMBS deal in 2022.
$483.1MAppraised value (latest deal)
98.4%Occupancy
$22.0MUnderwritten NOI
4.6%Implied cap rate
- Address
- 605 Pavonia Avenue, Jersey City, NJ 07306
- Property type
- Multifamily · High Rise
- Year built
- 2021
- Size
- 704 Units
- Sponsor
- Affiliates of the Kushner Real Estate Group and INDURE Build-to-Core Fund, LLC
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2022-BNK41 | 2022-05-05 | $483.1M | 98.4% | $22.0M | 4.6% | $23.5M | 38.0% | 3.37x | 424B |
More CMBS properties in New Jersey →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.