Updated Dec 21, 2023
Joni Sweetwood Of Kislak Company Brokers $7.25M Sale Of Multifamily Property In Irvington & South Orange
1280 Clinton Avenue, Irvington, New Jersey 07108, United States
$7,250,000
Units
55
Asset Type
MultiFamily
Closing
May 11, 2022
About this deal
AI
A multifamily property located at 1280 Clinton Avenue and 132 Milligan Place in Irvington and South Orange was recently sold for $7,250,000. The property consists of 55 units, resulting in a per unit price of $131,818.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,250,000
- Date: 05/12/2022
- Address: 1280 Clinton Avenue & 132 Milligan Place
- Market: Irvington & South Orange
The broker involved in the deal was Joni Sweetwood from Kislak Company.
The multifamily sale at 1280 Clinton Avenue, Irvington, New Jersey 07108, United States in Irvington, New Jersey sold for $7.3M in 2022. Reported inventory is 55 units across 55 units. Joni Sweetwood, Kislak appear on the sale alongside Kislak. This page is the Irvington, New Jersey file for the 1280 Clinton Avenue, Irvington, New Jersey 07108, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Irvington sit in the Market section below. Filter that Irvington multifamily set by closing date to see what else sold near 1280 Clinton Avenue, Irvington, New Jersey 07108, United States around 2022. Published consideration for 1280 Clinton Avenue, Irvington, New Jersey 07108, United States is $7.3M, dated 2022. Cite this Joni Sweetwood Of Kislak Company Brokers $7.25M Sale Of Multifamily Property In Irvington & South Orange sale when underwriting similar multifamily product around Irvington, New Jersey.
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Irvington MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93