Joni Sweetwood Of Kislak Represents Sale Of Multifamily Property In East Orange For $6.3M
212 North Arlington Avenue
$6,300,000
$252/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Jul 10, 2025
AI
The multifamily asset located at 212-220 North Arlington Avenue in East Orange has been sold for $6,300,000. The property consists of 53 units, with a price per unit of $118,867.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Units: 53
- Price Per Unit: $118,867
- Broker: Joni Sweetwood - Kislak
- Date of Transaction: 07/11/2025
The deal was facilitated by Joni Sweetwood, representing the interests related to the transaction through Kislak. Their expertise played a crucial role in the successful closing of this multifamily sale.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93