Updated Dec 21, 2023
CBRE Brokers Acquire Roselle Multifamily Property For $1.81M
1425 East Saint Georges Avenue, Roselle, NJ 07203
$1,810,000
$183/SF
Building Size
9,840 SF
Asset Type
MultiFamily
Closing
Apr 11, 2021
About this deal
AI
A multifamily property located at 1425 Saint George Ave. in Roselle has been sold for $1,810,000. The property consists of 17 units, resulting in a price per unit of $106,471.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,810,000
- Address: 1425 Saint George Ave.
- Market: Roselle
- Units: 17
- Price Per Unit: $106,471
The sale of this multifamily property was facilitated by CBRE brokers Nat Gambuzza, Trevor Fiebel, Spencer Beriont, and Tim Blashford.
The multifamily sale at 1425 East Saint Georges Avenue, Roselle, NJ 07203 in Roselle, New Jersey sold for $1.8M in 2021. Reported inventory is 9,840 square feet across 17 units, or about 183 per square foot. Trevor Fiebel, Timothy (Tim) Blashford, Spencer Beriont, Nat Gambuzza appear on the sale alongside Berkadia. This page is the Roselle, New Jersey file for the 1425 East Saint Georges Avenue, Roselle, NJ 07203 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Roselle sit in the Market section below. Filter that Roselle multifamily set by closing date to see what else sold near 1425 East Saint Georges Avenue, Roselle, NJ 07203 around 2021. Published consideration for 1425 East Saint Georges Avenue, Roselle, NJ 07203 is $1.8M, dated 2021. Cite this CBRE Brokers Acquire Roselle Multifamily Property For $1.81M sale when underwriting similar multifamily product around Roselle, New Jersey.
Players
Roselle 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
8.76%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93