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111 Glenwood Avenue, East O...

Updated Dec 21, 2023

Richard Gatto, Fahri Ozturk & Jed Matricaria Acquire Multifamily Property In East Orange, NJ For $18.8M
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

About this deal

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.

The multifamily sale at 111 Glenwood Avenue, East Orange, NJ, USA in East Orange, New Jersey sold for $18.8M in 2021. Reported inventory is 845 square feet across 77 units, or about 22.2K per square foot. Jed Matricaria, Richard Gatto, Fahri Ozturk, CBRE appear on the sale alongside CBRE, Marcus & Millichap. This page is the East Orange, New Jersey file for the 111 Glenwood Avenue, East Orange, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same East Orange sit in the Market section below. Filter that East Orange multifamily set by closing date to see what else sold near 111 Glenwood Avenue, East Orange, NJ, USA around 2021. Published consideration for 111 Glenwood Avenue, East Orange, NJ, USA is $18.8M, dated 2021. Cite this Richard Gatto, Fahri Ozturk & Jed Matricaria Acquire Multifamily Property In East Orange, NJ For $18.8M sale when underwriting similar multifamily product around East Orange, New Jersey.

Players

Richard Gatto

CBRE

Broker

$999.8M

vol

43 deals

Broker

East Orange MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $22.2K per square foot on a published $18.8M for 845 square feet (2021).

Visit Jed Matricaria to view all their deals.

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

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