Marshall Weinerman Real Estate Acquires Vineland Multifamily Property For $4.1M Loan
1890 South Lincoln Avenue, Vineland, New Jersey 08361, United States
$4,100,000
Units
104
Asset Type
MultiFamily
Closing
Oct 25, 2022
AI
Located at 1890 S Lincoln Ave in Vineland, this multifamily property consists of 104 units. The transaction for this property took place on October 26, 2022. The asset is owned by Marshall Weinerman Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Market: Vineland
- Units: 104
The brokers involved in this deal were Andrew Stewart, Dev Morris, and Allison Villamagna from Cronheim Mortgage. They represented the buyer in securing a permanent loan amounting to $4,100,000 for this property.
Players
Vineland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93