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208 Hamilton Boulevard

J Henry Scott Acquires Multifamily Property In South Plainfield, NJ For $8.15M
SOLDMultiFamily

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

Adam Zweibel

Hudson Atlantic Realty

Broker

$400.1M

vol

26 deals

Broker

Scott Henry

B.H. Properties

Buyer

$14.1M

vol

4 deals

Buyer

Hamilton 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

1.95%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93