Updated Oct 29, 2024
One Wall Partners Acquires Property In Rahway For $34.9 Million Represented By Kevin O'Hearn JLL
1 Park Square, Rahway, NJ, 07065
$34,900,000
Units
159
Asset Type
MultiFamily
Closing
Jan 21, 2019
About this deal
AI
The transaction involved the sale of Park Square, an apartment complex located at 1 Park Square, Rahway, NJ, 07065. The property comprises 159 units distributed across two adjacent four-story buildings that were completed in 2009 and 2011. Additionally, the complex features 6,000 square feet of ground-floor retail space. The total transaction amount was $34,900,000.
Summary of transaction details:
- Property Type: Apartment Complex
- Transaction Amount: $34,900,000.00
- Address: 1 Park Square, Rahway, NJ, 07065
- Market: Rahway
- Buyer's Name: One Wall Partners
- Seller's Representative: Kevin O’Hearn (JLL)
- Seller: Roseland Residential Trust
- Broker Team: Jose Cruz, Kevin O’Hearn, Stephen Simonelli, and Mark Mahasky (HFF)
The representation for the seller was handled by Kevin O’Hearn of JLL, alongside a team from HFF that included Jose Cruz, Stephen Simonelli, and Mark Mahasky, who negotiated the sale. One Wall Partners was identified as the buyer of this property.
Rahway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93