Nova EO Portfolio I LLC & The Capital Foresight LP Sell East Orange Multifamily For $14.95M
17 Webster Place, East Orange, NJ, USA
$14,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 8, 2020
AI
The multifamily property located at 17 Webster Place, 75 & 151 North Walnut St in East Orange, NJ has been sold for a price of $14,950,000. The property consists of 113 units, with each unit having a price per unit (PPU) of $132,301. The sale was facilitated by David Oropeza of Gebroe-Hammer Associates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,950,000
- Units: 113
- Price per Unit (PPU): $132,301
- Address: 17 Webster Place, 75 & 151 North Walnut St, East Orange, NJ
- Seller: Nova EO Portfolio I LLC & The Capital Foresight LP
David Oropeza of Gebroe-Hammer Associates represented the seller in this transaction. The sale marks a significant milestone in the East Orange, NJ market.
East Orange MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93