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

Property Image
SOLD
$11,950,000

New Jersey

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MultiFamily10,059 SF
Sold 03/24/2022
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Property Image
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 Deals
MultiFamily10,059 SF
Sold 03/24/2022
Contact now

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.

Players

2 deals$20.3M volume
BROKER

Details

SOLD
IMAGE: Solomon Halberstam & Ben Cooper DATE: 03/24/2022 ADDRESS: 193 Market Street, 203 Market Street, 315 Herbert Street, 390 State Street, 130 Pearl Place, 174 Pulaski Ave & 459 Penn Street MARKET: Perth Amboy, NJ ASSET TYPE: Multifamily BROKERS: Solomon Halberstam & Ben Cooper - Capital Realty Associates SALE PRICE: $11,950,000 UNITS: 73 ~ PPU: $163,699 SF: 80,000 ~ PPSF: $149

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Deal Type
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