Updated Dec 20, 2023
Ed Stulak Represents Lease Transaction For Somerville Multifamily Property On Parcview Pl
200 Parcview Pl, Somerville, New Jersey 08876, United States
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
An multifamily property located at 200 Parcview Pl in Somerville has been leased for an asking rent of $28 per square foot. The property spans approximately 1,200 square feet and was leased on 05/16/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 05/16/2022
- Address: 200 Parcview Pl, Somerville
- Asking Rent: $28/ft.
- Square Footage: 1,200
The lease transaction was facilitated by Ed Stulak from the REAL agency. Ed Stulak acted as the leasing broker in this deal.
Traded’s record for 200 Parcview Pl, Somerville, New Jersey 08876, United States in Somerville, New Jersey covers a multifamily lease from 2022. Published size for 200 Parcview Pl, Somerville, New Jersey 08876, United States is 1,200 square feet. Named participants on the 200 Parcview Pl, Somerville, New Jersey 08876, United States lease are Ed Stulak. This page is the Somerville, New Jersey file for the 200 Parcview Pl, Somerville, New Jersey 08876, United States multifamily leased: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else leased near 200 Parcview Pl, Somerville, New Jersey 08876, United States around 2022. Cite this Ed Stulak Represents Lease Transaction For Somerville Multifamily Property On Parcview Pl lease when underwriting similar multifamily product around Somerville, New Jersey.
Players
Somerville MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93