Jazmine Clausen-Soir Of EXP Realty Secures Lease For 154 Units At Jersey Walk In Elizabeth
925 East Jersey Street
$2,600
$2,600/SF
Building Size
130,000 SF
Asset Type
Development Site
Closing
Oct 4, 2024
AI
The property involved is a development site located at 925 East Jersey Street in the Elizabeth market. The asset comprises a total of 154 rental units, indicating a substantial capacity for residential lease. The details of the lease pertain to an arrangement classified as 'Other.'
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Units: 154
- Lease Type: Other
- Address: 925 East Jersey Street
- Market: Elizabeth
- Broker: Jazmine Clausen-Soir - EXP Realty
The transaction was facilitated by Jazmine Clausen-Soir representing the SOLDBYJAZMINE TEAM, which successfully rented all 154 units at Jersey Walk in Elizabeth, NJ.
Players
Elizabeth Development Site Market Snapshot
Boundary boundary · Development Site · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6101.15%
Cash-on-Cash
-1743.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93