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2538 Allaire RdWall Townshi...

Ronald Schrader Jr Of Sitar Realty Company Represents Both Buyer And Seller In $3.1M Wall Township Sale
SOLDMultiFamily

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:

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.

Players

Ronald Schrader Jr

Sitar Realty Company

Broker

$3.1M

vol

1 deal

Broker

Market 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93