SOLDMultiFamily
Richard Gatto, Fahri Ozturk & Jed Matricaria Acquire Multifamily Property In East Orange, NJ For $18.8M
111 Glenwood Avenue, East Orange, NJ, USA
$18,800,000
$22,248/SF
Building Size
845 SF
Asset Type
MultiFamily
Closing
Apr 28, 2021
AI
An $18.8 million multifamily property located at 111 Glenwood Avenue in East Orange, NJ has been sold. The transaction took place on 04/29/2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $18,800,000
- Units: 77
- Price per Unit: $244,155
- Market: East Orange, NJ
The deal was facilitated by Richard Gatto, Fahri Ozturk, and Jed Matricaria, representatives from zturkGattoGroup.
Players
East Orange 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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93