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New York & Tri-State  + Tri-State  + Apartments  |  August 29, 2023
Emily Fu
By: Emily Fu

Denholtz Properties Lands $50M for NJ 214-Unit MF Complex 

Denholtz Properties has secured a $49.8 million Fannie Mae non-recourse, first mortgage loan for the acquisition of the Solo at North Bergen, a Class A 214-garden-style apartment complex in North Bergen, NJ. The project will be completed in two phases in 2021 and 2022.  

Denholtz Properties acquired the property for $89 million in August 2023. The apartment complex comprises four five-story buildings on 5.76 acres of land, offering a mix of studio, one-bedroom, two-bedroom, and two-bedroom two-bathroom units.  

Alan Isenstadt, Bruce Kaskey and Joe Tinti of KeyBank Real Estate Capital arranged the financing. 

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Inside The Story

Alan Isenstadt

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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