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193 Market Street, Perth Am...

Perth Amboy Multifamily Sells For $11.95M With Solomon Halberstam & Ben Cooper - Capital Realty Associates
SOLDMultiFamily

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

$11,950,000

$1,188/SF

Building Size

10,059 SF

Asset Type

MultiFamily

Closing

Mar 23, 2022

AI

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.

Players

Ben Cooper

Broker

$20.3M

vol

2 deals

Broker

Perth Amboy 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

1.33%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93