Updated Oct 17, 2025
Freemont Group Acquires Multifamily Portfolio In East Orange NJ For $42M
195 South Harrison Street, Orange, NJ 07050
$42,019,000
Units
198
Asset Type
MultiFamily
Closing
Dec 29, 2021
About this deal
AI
A multifamily property located at 195 Prospect Street, 150 S. Harrison Street, 157 S. Harrison Street, and 742 Park Avenue in East Orange, NJ, has been sold for a total price of $42,019,000. This property consists of 198 units, resulting in a per unit price of $212,217. The sale was completed on December 29, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $42,019,000
- Address: 195 Prospect Street; 150 S. Harrison Street; 157 S. Harrison Street; 742 Park Avenue, East Orange, NJ
- Market: East Orange, NJ
The buyer of this property is Freemont Group, represented by Nate Hyman from Polaris Funding. The seller in this transaction is Ron Kutas. Nate Hyman of Polaris Funding acted as the broker for this deal.
Players
East Orange 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93