Updated Dec 19, 2023
Joni Sweetwood's Kislak Acquires Multifamily Asset In South Orange For $3.15M
132 Milligan Place, South Orange, New Jersey 07079, United States
$3,150,000
$526/SF
Building Size
5,984 SF
Asset Type
MultiFamily
Closing
May 11, 2022
About this deal
AI
Located at 132 Milligan Pl in South Orange, this multifamily property was recently sold for a total price of $3,150,000. The transaction took place on 05/12/2022, as per public records. The property consists of 13 units, resulting in a price per unit of approximately $242,308.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 132 Milligan Pl, South Orange
- Market: South Orange
- Units: 13
- Price Per Unit (PPU): $242,308
The sale of this multifamily property was facilitated by Joni Sweetwood from Kislak. Acting as the broker representing the parties involved in the deal, Joni played a crucial role in successfully closing the transaction.
Players
South 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93