Updated Dec 21, 2023
Stacy-Ann Tinglin Acquires Multifamily Property In Newark City For $9.2M
26-28 Davenport Avenue, Newark, New Jersey 07107, United States
$9,200,000
Building Size
—
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 26-28 Davenport Ave in Newark City. The sale took place on 06/01/2022, and the property was sold for a total price of $9,200,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Address: 26-28 Davenport Ave
- Market: Newark City
Stacy-Ann Tinglin, a representative from RE/MAX First Realty II, assisted the buyer in this transaction. J.C. Gonzalez from BHGRE Elite and Fernando Peralta represented the seller. These individuals played key roles in negotiating and finalizing the deal.
On the Map
$9,200,000
MultiFamily
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Players
Newark 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93