Property
The Agnes
Location
Jersey City, NJ
Size
233 Units
Value
Confidential
Type
Debt

The Agnes

BlueGatePartners,LLC (“BlueGate”) and M&T Realty Capital Corporation (“M&T) have been engaged on an exclusive basis by Water Street Development, LLC (the“Borrower” or “Sponsor”), an affiliate of Fields Grade, to secure senior financing for The Agnes, a 233-unit luxury multifamily community located at 100 Water Street in Jersey City, New Jersey (the “Property”).

The Agnes is a 233-unit luxury, mid-rise apartment community situated in the thriving West Side neighborhood of Jersey City, New Jersey. This masterfully designed and constructed Fields Grade property is currently nearing completion, and full stabilization is expected in April of 2022. The property is being completed in 2 phases and is part of the larger, 621-unit Water Street Redevelopment master plan. Sitting approximately five miles east of downtown Newark, NJ, and seven miles west of downtown New York.

INVESTMENT HIGHLIGHTS

• Transit-Oriented Location
• Strong Renter Demand
• Highly Experienced Borrower
• Tremendous Local and Regional Employment Base
• Walking Distance to NJCU
• Unique Features and Amenities