J Henry Scott Acquires 61-Unit Multifamily In Robbinsville & Skillman, NJ For $5.9M
274 Gordon Road & 145 Hartwick Drive
$5,900,000
$53/SF
Building Size
109,888 SF
Asset Type
MultiFamily
Closing
Dec 12, 2023
AI
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
Robbinsville 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93