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J Henry Scott Acquires 61-Unit Multifamily In Robbinsville & Skillman, NJ For $5.9M

Property Image
SOLD
$5,900,000
Nicholas Favorito
Adam Zweibel
SH

New Jersey

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MultiFamily109,888 SF
Sold 12/12/2023
the dealplayerscompscontact
Property Image
SOLD

J Henry Scott Acquires 61-Unit Multifamily In Robbinsville & Skillman, NJ For $5.9M

274 Gordon Road & 145 Hartwick Drive

See Similar Deals
MultiFamily109,888 SF
Sold 12/12/2023
Nicholas Favorito
Adam Zweibel
SH
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$53
Total Square Footage:109,888 SF
Transaction Type:Sale

The multifamily property located at 274 Gordon Road in Robbinsville, NJ and 145 Hartwick Drive in Skillman, NJ has been sold. The transaction took place on 12/12/2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,900,000
  • Units: 61
  • Price Per Unit: $96,721
  • Square Footage: 54,944
  • Price Per Square Foot: $107
  • Market: Robbinsville & Skillman, NJ

The buyer of the property is J Henry Scott, and the seller is Tom Troy. The deal was facilitated by Adam Zweibel and Nicholas Favorito from Hudson Atlantic Realty.

Players

Adam Zweibel
Hudson Atlantic Realty
Adam Zweibel
26 deals$400.1M volume(201) 953-9532
BROKER
Nicholas Favorito
Hudson Atlantic Realty
Nicholas Favorito
7 deals$67.5M volume
BROKER
SH
B.H. Properties
Scott Henry
4 deals$14.1M volume
BROKER
SH
B.H. Properties
Scott Henry
4 deals$14.1M volume
BUYER

Details

SOLD
IMAGE: Adam Zweibel & Nicholas Favorito DATE: 12/12/2023 ADDRESS: 274 Gordon Road & 145 Hartwick Drive MARKET: Robbinsville & Skillman, NJ ASSET TYPE: Multifamily BUYER: J Henry Scott SELLER: Tom Troy BROKERS: Adam Zweibel (@AdamZweibel) & Nicholas Favorito (@NickFavorito) - Hudson Atlantic Realty (@HudsonAtlantic) SALE PRICE: $5,900,000 UNITS: 61 ~ PPU: $96,721 SF: 54,944 ~ PPSF: $107

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12