Ronald Schrader Jr Of Sitar Realty Company Represents Both Buyer And Seller In $3.1M Wall Township Sale
$3,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 12, 2025
AI
The transaction involved the sale of a multi-family asset, specifically an age-restricted apartment building located at 2538 Allaire Road, Wall Township, NJ. The sale price was recorded at $3,100,000 for the property, which comprises 27 units, resulting in a price per unit of $114,815.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,100,000
- Units: 27
- Price Per Unit: $114,815
- Address: 2538 Allaire Road
- Market: Wall Township
- Broker: Ronald Schrader Jr - Sitar Realty Company
Ronald Schrader Jr. played a pivotal role in this transaction, representing both the buyer and the seller, each of whom is structured as an LLC. The brokerage firm Sitar Realty Company facilitated the deal.
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93