Updated Mar 26, 2026
Israel Hernandez Of TNT Realty NJ Represents Buyer In $1.225M Multifamily Sale In Elizabeth
1025 Cross Avenue
$1,225,000
$306/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Mar 18, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 1025 Cross Avenue, Elizabeth. The sale was completed on 03/19/2026 for a total price of $1,225,000. This property comprises 2 units and has a total square footage of 4,000, resulting in a price per unit of $612,500 and a price per square foot of $306.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Units: 2
- Square Footage: 4,000
- Price Per Unit: $612,500
- Price Per Square Foot: $306
- Market: Elizabeth
- Buyer's Representative: Israel Hernandez - TNT Realty NJ
The transaction was facilitated by Israel Hernandez, who represented the buyer in this deal while collaborating through TNT Realty NJ. His involvement was key in the negotiation and completion of this multifamily property acquisition.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93