Perth Amboy Multifamily Sells For $11.95M With Solomon Halberstam & Ben Cooper - Capital Realty Associates
SOLD
New Jersey
See Similar DealsMultiFamily10,059 SF
Sold 03/24/2022
SOLD
Perth Amboy Multifamily Sells For $11.95M With Solomon Halberstam & Ben Cooper - Capital Realty Associates
193 Market Street, Perth Amboy, New Jersey 08861, United States
See Similar DealsMultiFamily10,059 SF
Sold 03/24/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,188
Total Square Footage:10,059 SF
Transaction Type:Sale
A multifamily property located at 193 Market Street, 203 Market Street, 315 Herbert Street, 390 State Street, 130 Pearl Place, 174 Pulaski Ave, and 459 Penn Street in Perth Amboy, NJ, was recently sold.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,950,000
- Units: 73
- Price per Unit: $163,699
- Total Square Footage: 80,000
- Price per Square Foot: $149
The sale was facilitated by Solomon Halberstam & Ben Cooper from Capital Realty Associates.
No additional information is available regarding the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$637,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,455.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,649.10
Annual Debt Service$679,789.16
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