Updated Dec 21, 2023
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
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