Updated Dec 21, 2023
Israel Brown Acquires Multifamily Property On Tillinghast St For $1.7M
1-7 Tillinghast Street, Newark, New Jersey 07108, United States
$1,700,000
$170/SF
Building Size
9,950 SF
Asset Type
MultiFamily
Closing
May 9, 2022
About this deal
AI
The multifamily property located at 1-7 Tillinghast St in Essex County, Newark has been sold for $1,700,000. The sale was finalized on 05/10/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 18
- Price per Unit: $94,444
- Square Footage: 9,950
- Price per Square Foot: $171
- Address: 1-7 Tillinghast St, Essex County, Newark
- Market: Essex County, Newark
The buyer of the property was Israel Brown, while the seller was Steven Haan. The transaction was facilitated by Israel Goldstein of Redwood Realty Advisors.
Newark 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93