Updated Sep 5, 2024
Nationwide Homes Realty Acquires Delanco Multifamily For $4.1M
2 Wilson Way, Delanco, New Jersey 08075, United States
$4,100,000
Units
25
Asset Type
MultiFamily
Closing
Jul 6, 2022
About this deal
AI
Located at 2 Wilson Way in Delanco, this multifamily property was recently sold in a transaction facilitated by Joseph Kisner from Nationwide Homes Realty and Peter Hewitt from Keller Williams Real Estate. The property consists of 25 units, and the sale price amounted to $4,100,000. This translates to a per unit price of $164,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Address: 2 Wilson Way
- Market: Delanco
Joseph Kisner from Nationwide Homes Realty represented the buyer in this transaction, while Peter Hewitt from Keller Williams Real Estate represented the seller. The deal successfully closed on 07/07/2022, with Peter Hewitt also capturing an image of the property for reference. Both buyer and seller were satisfied with the outcome of the transaction, marking a successful real estate exchange in the Delanco market.
Players
Riverside 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93