Jonathan Zarka Acquires Multifamily Property In Rahway For $875K
1300 Fulton Street, Rahway, NJ 07065
$875,000
$225/SF
Building Size
3,888 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
AI
The multifamily property located at 1300 Fulton Street in Rahway has been sold. The sale, which took place on November 22, 2021, was facilitated by Jonathan Zarka from Jonathan Zarka Realty. The property was purchased by Jonathan Zarka for a total price of $875,000. The transaction involved 8 units, resulting in a per unit price of $109,375. The total square footage of the property is 3,888, with a price per square foot of $225. The seller of the property was 1300 Fulton Street Associates.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $875,000
- Address: 1300 Fulton Street, Rahway
- Market: Rahway
- Buyer: Jonathan Zarka
- Seller: 1300 Fulton Street Associates
- Units: 8
- Price per Unit: $109,375
- Square Footage: 3,888
- Price per Square Foot: $225
Note: LightRock Management, represented by Jonathan Zarka, is actively looking to acquire multifamily assets in NJ and CT within the price range of $500k to $30m. For any properties available for sale, please contact Jonathan at [email protected].
Rahway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.13%
Cash-on-Cash
-5.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93