Updated Dec 4, 2024
Kislak Sells MultiFamily Property On Pierson St, Orange For $1.42M
153 Pierson Street
$1,420,000
Units
12
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
AI
A multifamily property located at 153 Pierson Street in Orange has been sold for a price of $1,420,000. The property consists of 12 units with each unit valued at approximately $118,333.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,420,000
- Units: 12
- Price Per Unit: $118,333
The transaction was facilitated by Julie Gralla from Kislak, serving as the broker in the deal. The sale of this multifamily property in Orange marks a significant transaction in the real estate market.
Players
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
11.17%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93