Updated Dec 19, 2023
CBRE Acquires Multifamily Property In North Arlington For $9.7M
155-185 Gold Street, North Arlington, NJ, USA
$9,700,000
Units
58
Asset Type
MultiFamily
Closing
Apr 11, 2021
About this deal
AI
155-185 Gold St, located in North Arlington, has recently been sold in a multifamily transaction. The property consists of 58 units and was sold for a total price of $9,700,000, resulting in a price per unit (PPU) of $167,241.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,700,000
- Price per Unit (PPU): $167,241
- Address: 155-185 Gold St
- Market: North Arlington
The sale of 155-185 Gold St was facilitated by CBRE, with the representation of the following brokers: Nat Gambuzza, Trevor Fiebel, Spencer Beriont, and Tim Blashford.
Players
North Arlington 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93