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1 Brighton Avenue

Kislak Brokers Tom Scatuorchio & Andrew Scheinerman Facilitate $11.8M Multifamily Sale In Belleville, NJ
SOLDMultiFamily

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

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

Tom Scatuorchio

Kislak

Broker

$92.6M

vol

16 deals

Broker

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