The Kislak Company Brokers Sell Multifamily Property In Elizabeth For $2.01M
SOLD
$2,010,000
New Jersey
See Similar DealsMultiFamily15,645 SF
Sold 04/01/2022
SOLD
The Kislak Company Brokers Sell Multifamily Property In Elizabeth For $2.01M
134 East Jersey Street, Elizabeth, New Jersey 07206, United States
See Similar DealsMultiFamily15,645 SF
Sold 04/01/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$128
Total Square Footage:15,645 SF
Transaction Type:Sale
The multifamily property located at 134 E Jersey St in Elizabeth has been sold for a price of $2,010,000. The transaction took place on April 1, 2022. The property consists of 12 units, with a price per unit of $167,500.
Summary of transaction details
- Type: Multifamily
- Sale Price: $2,010,000
- Address: 134 E Jersey St
- Market: Elizabeth
- Units: 12
- Price per Unit: $167,500
The sale of this multifamily property was facilitated by brokers Tom Scatuorchio and Justin Lupo from The Kislak Company.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$107,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,141.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,528.43
Annual Debt Service$114,341.11
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