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1013 North Broad Street, El...

Kislak Co. Brokers Jeff Squires & Bary Waisbrod Facilitate $11.55M Sale Of Multifamily Property In Elizabeth, NJ
SOLDMultiFamily

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

Barry Waisbrod

Kislak

Broker

$176.6M

vol

10 deals

Broker

Elizabeth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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