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Jonathan Zamora & Chez Eider Acquire Multifamily Property In New Brunswick, NJ For $2.5M

Property Image
SOLD
$2,500,000

New Jersey

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MultiFamily8,505 SF
Sold 05/19/2020
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Property Image
SOLD

Jonathan Zamora & Chez Eider Acquire Multifamily Property In New Brunswick, NJ For $2.5M

19-25 Henry Street, New Brunswick, NJ, USA

See Similar Deals
MultiFamily8,505 SF
Sold 05/19/2020
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$293
Total Square Footage:8,505 SF
Transaction Type:Sale

Located at 19-25 Henry Street in New Brunswick, NJ, this multifamily property was recently sold for a price of $2,500,000. The transaction took place on May 19, 2021. The property consists of 21 units, resulting in a price per unit of $119,048. The asset is situated in the New Brunswick market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Units: 21
  • Price Per Unit: $119,048
  • Market: New Brunswick, NJ

The sale of this multifamily property was facilitated by Jonathan Zamora and Chez Eider, who served as the brokers for the transaction.

Players

Jonathan Zamora
24 deals$76.4M volume
BROKER

Chez Eider
Marcus & Millichap
12 deals$122.7M volume(201) 742-6177
BROKER

Details

SOLD
IMAGE: Chez Eider & Jonathan Zamora DATE: 05/19/2021 ADDRESS: 19-25 Henry Street MARKET: New Brunswick, NJ ASSET TYPE: Multifamily BROKERS: Jonathan Zamora & Chez Eider SALE PRICE: $2,500,000 UNITS: 21 ~ PPU: $119,048

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
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