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10 Center Street

Shree Nalaparedygary Acquires Multifamily Property From Cori Ziman In Englishtown For $4.2M
SOLDMultiFamily

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.

Players

Dante Fusaro

Hudson Atlantic Realty

Broker

$21.2M

vol

4 deals

Broker

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