facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

10 33 Beech St, Summit, Nj ...

Gebroe-Hammer Associates Facilitates $14.5 Million Sale Of 53-Unit Multifamily Property In Summit
SOLDMultiFamily

Gebroe-Hammer Associates Facilitates $14.5 Million Sale Of 53-Unit Multifamily Property In Summit

10 33 Beech St, Summit, Nj 07901

$14,500,000

Building Size

Asset Type

MultiFamily

Closing

Jul 13, 2022

AI

A multifamily property located at 10-33 Beech St in Summit has recently been sold for a total price of $14,500,000. The property consists of 53 units, resulting in a per unit price of $273,585. The transaction took place on July 14, 2022, and the sale was facilitated by David Jarvis from Gebroe-Hammer Associates.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,500,000
  • Units: 53
  • Price Per Unit: $273,585
  • Address: 10-33 Beech St
  • Market: Summit

Detailed brokerage services were provided by David Jarvis, representing Gebroe-Hammer Associates, in this successful transaction. The involvement of experienced professionals like David ensures the smooth execution of the deal and the satisfaction of all parties involved.

Players

David Jarvis

ICON Real Estate Advisors

Broker

$260.4M

vol

11 deals

Broker

Summit MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93