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1890 South Lincoln Avenue, ...

Marshall Weinerman Real Estate Acquires Vineland Multifamily Property For $4.1M Loan
FINANCEDMultiFamily

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

Dev Morris

Cronheim Mortgage

Broker

$637.4M

vol

26 deals

Broker
RW Real Estate
RW Real EstateLandlord

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