Isaac Niederman Acquires Pearl Pl Apartments In Perth Amboy, NJ For $1.12M
130 Pearl Place, Perth Amboy, New Jersey 08861, United States
$1,120,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 22, 2022
AI
The property asset involved in this transaction is an apartment located at 130 Pearl Pl, Perth Amboy, NJ. The sale took place on March 23, 2022, with a transaction amount of $1,120,000. The buyer of the property is Isaac Niederman, and the seller is Solomon Plutchok.
Summary of transaction details
- Property Type: Apartments
- Transaction Amount: $1,120,000
- Address: 130 Pearl Pl, Perth Amboy, NJ
- Market: Perth Amboy, NJ
Isaac Niederman acted as the buyer in this deal, while Solomon Plutchok served as the seller. This transaction showcases the exchange of ownership for the apartment property located at 130 Pearl Pl. The details provided in the first paragraph highlight the key factors, including the property's address, sale price, and the involved individuals and companies.
Perth Amboy 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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93