J Henry Scott Acquires Multifamily Property In South Plainfield, NJ For $8.15M
208 Hamilton Boulevard
$8,150,000
$209/SF
Building Size
38,920 SF
Asset Type
MultiFamily
Closing
Dec 29, 2023
AI
The multifamily property located at 208 Hamilton Boulevard in South Plainfield, NJ has been sold. The transaction took place on 12/29/2023, with a sale price of $8,150,000. The property consists of 33 units, with an average price per unit (PPU) of $246,970. The total square footage of the property is 38,920, resulting in a price per square foot (PPSF) of $209.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,150,000
- Address: 208 Hamilton Boulevard, South Plainfield, NJ
- Market: South Plainfield, NJ
- Units: 33
- PPU: $246,970
- Square Footage: 38,920
- PPSF: $209
The buyer in this transaction is J Henry Scott. The deal was facilitated by Adam Zweibel and Nicholas Favorito from Hudson Atlantic Realty.
Players
Hamilton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93