Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + New Jersey  + Finance  | 

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.

Read More News Stories About: Cushman & Wakefield
Connect

Inside The Story

Cushman & Wakefield's Domenico

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
New call-to-action
New call-to-action
New call-to-action