Shree Nalaparedygary Acquires Multifamily Property From Cori Ziman In Englishtown For $4.2M
10 Center Street
$4,200,000
$194/SF
Building Size
21,617 SF
Asset Type
MultiFamily
Closing
Jan 31, 2025
AI
The multifamily property located at 10 Center Street in Englishtown has been sold for $4,200,000. The asset comprises 18 units, with a total square footage of 21,617 and a price per unit of $233,333. The price per square foot is calculated at $194.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Units: 18
- Square Footage: 21,617
- Price Per Unit: $233,333
- Price Per Square Foot: $194
- Buyer: Shree Nalaparedygary
- Seller: Cori Ziman
- Broker: Dante Fusaro - Hudson Atlantic Realty
The transaction was facilitated by Dante Fusaro, who represents Hudson Atlantic Realty in this sale. This deal reflects the efforts of the parties involved to successfully complete the transfer of ownership in the multifamily asset.
Englishtown 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93