New Bridge NJ LLC Sells 9-Property Multifamily Portfolio In Hillside, Bayonne & Perth Amboy, NJ For $6.8M
217 Hillside Avenue, Hillside, New Jersey 07205, United States
$6,826,500
Building Size
—
Asset Type
MultiFamily
Closing
Jan 4, 2022
AI
A multifamily property portfolio in Hillside, Bayonne, and Perth Amboy, NJ has been sold for a total price of $6,826,500. The portfolio consists of nine properties located at 217 Hillside Ave, 476 Bloy St, 1041 Louisa St, 1055 Ave C, 48 W 54th St, 1086A Ave C, 90 W 20th St, 418 Ave C, and 499 Amboy Ave. The properties offer a total of 52 units, with a price per unit of $131,279.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,826,500
- Units: 52
- Price per Unit: $131,279
- Market: Hillside, Bayonne, and Perth Amboy, NJ
Thomas Scatuorchio and Davis Briones from Kislak represented the seller, New Bridge NJ LLC, in this 9-property portfolio deal. Tom Scatuorchio also represented the buyers for each transaction and co-brokered all Bayonne properties with Davis Briones. For further inquiries regarding this unique portfolio deal, you can contact Tom Scatuorchio directly at 908-675-5703 or [email protected].
Players
Hillside 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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93