Kamson Corp Acquires Hamilton Multifamily For $16.4M
2307 Upper Pond Ct, Hamilton Township, NJ 08690, USA
$16,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 11, 2020
AI
The multifamily property located at 2307 Upper Pond Court in Hamilton was recently sold for $16,400,000. The property consists of 75 units, resulting in a per unit price of $218,667. The transaction took place on 11/12/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,400,000
- Address: 2307 Upper Pond Court
- Market: Hamilton
- Buyer: Kamson Corp
- Seller: Crestwood Ventures LLC & Crestwood Ventures II LLC
- Brokers: Jason Pucci & Justin Lupo – Kislak Co. Inc
The buyer in this transaction was Kamson Corp, while the sellers were Crestwood Ventures LLC and Crestwood Ventures II LLC. The deal was facilitated by the brokers Jason Pucci and Justin Lupo from Kislak Co. Inc.
Players
Trenton 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93