Kislak Brokers Tom Scatuorchio & Andrew Scheinerman Facilitate $11.8M Multifamily Sale In Belleville, NJ
1 Brighton Avenue & 13-53 Brighton Avenue
$11,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 10, 2023
AI
The multifamily property located at 1 & 13-53 Brighton Avenue in Belleville, NJ has been sold in a recent transaction. The property consists of 95 units and was sold for a total price of $11,800,000, resulting in a per unit price of $124,211.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,800,000
- Units: 95
- Price Per Unit: $124,211
- Brokers: Tom Scatuorchio & Andrew Scheinerman - Kislak
The deal was facilitated by brokers Tom Scatuorchio and Andrew Scheinerman of Kislak. They played a crucial role in representing the parties involved in the transaction, ensuring a successful sale of the property.
Players
Allston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93