Kislak Co. Brokers Jeff Squires & Bary Waisbrod Facilitate $11.55M Sale Of Multifamily Property In Elizabeth, NJ
1013 North Broad Street, Elizabeth, New Jersey 07208, United States
$11,550,000
$231/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Dec 1, 2021
AI
The multifamily property located at 1013 North Broad St. & 1011 E. Jersey St. in Elizabeth, NJ was recently sold. The sale was facilitated by brokers Jeff Squires and Bary Waisbrod from Kislak Co. The property consists of 80 units, with a price per unit (PPU) of $144,375. The total square footage of the property is 50,000, with a price per square foot (PPSF) of $231. The sale price for the property was $11,550,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,550,000
- Units: 80
- Price per Unit (PPU): $144,375
- Total Square Footage: 50,000
- Price per Square Foot (PPSF): $231
Jeff Squires and Bary Waisbrod from Kislak Co. played a crucial role in the transaction, representing the involved parties in the deal. The sale of this multifamily property in Elizabeth, NJ showcases the expertise and efforts of these brokers in facilitating successful real estate transactions.
Players
Elizabeth 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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93