Updated Dec 19, 2023
Rose Real Estate LLC Acquires Multifamily Portfolio In Belleville And Plainfield For $6.95M
256 Belleville Avenue
$6,950,000
Units
48
Asset Type
MultiFamily
Closing
Jan 25, 2021
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 256-64 Belleville Avenue, 701-11 Kensington Avenue, & 238-40 East 9th Street in Belleville & Plainfield. The sale took place on January 25, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,950,000
- Units: 48
- Price Per Unit: $144,792
- Broker: Lauren Rose Federgreen - Rose Real Estate LLC
Lauren Rose Federgreen from Rose Real Estate LLC represented the parties involved in this transaction.
The multifamily sale at 256 Belleville Avenue in Belleville, New Jersey sold for $7M in 2021. Reported inventory is 48 units across 48 units. This page is the Belleville, New Jersey file for the 256 Belleville Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Belleville sit in the Market section below. Filter that Belleville multifamily set by closing date to see what else sold near 256 Belleville Avenue around 2021. Published consideration for 256 Belleville Avenue is $7M, dated 2021. Cite this Rose Real Estate LLC Acquires Multifamily Portfolio In Belleville And Plainfield For $6.95M sale when underwriting similar multifamily product around Belleville, New Jersey.
Players
Belleville 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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93