Updated Dec 4, 2024
Peg Real Estate Holdings LLC Acquires Multifamily Property In New Brunswick For $1.4M
228 Baldwin St, New Brunswick, NJ, USA
$1,400,000
$820/SF
Building Size
1,707 SF
Asset Type
MultiFamily
Closing
Oct 3, 2021
About this deal
AI
Located at 228 Baldwin St in New Brunswick, this multifamily property was recently sold in a closed transaction. The property spans 1,707 square feet and was purchased by Peg Real Estate Holdings LLC from Joseph Diaz for a total sale price of $1,400,000. With a price per square foot of $820, this property offers a valuable investment opportunity in the New Brunswick market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Square Footage: 1,707
- Price Per Square Foot: $820
- Buyer: Peg Real Estate Holdings LLC
- Seller: Joseph Diaz
This transaction was facilitated by Peg Real Estate Holdings LLC, represented by their broker in the deal. The purchase of 228 Baldwin St in New Brunswick showcases the strategic decision-making involved in the local real estate market, providing opportunities for both buyers and sellers in the multifamily sector.
Players
New Brunswick 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93