Updated Oct 25, 2024
Jacob Gross Acquires Multifamily Property On South Day Street In Orange For $950K
123, 127, & 129 South Day Street, Orange Nj 07050
$950,000
$158/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Feb 22, 2023
About this deal
AI
The multifamily property located at 123, 127, & 129 South Day Street in Orange has been sold for a price of $950,000. This property consists of 7 units with an average price per unit of $135,714. The total square footage of the property is 6,500, resulting in a price per square foot of $146.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $950,000
- Units: 7
- Price Per Unit: $135,714
- Square Footage: 6,500
- Price Per Square Foot: $146
The buyer of the property is Jacob Gross, while the seller is Alevtina Super. The transaction was facilitated by David J. Nazaire from Triforce Commercial Real Estate.
Players
Market 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93