SOLDMultiFamily
Isaac Niederman Acquires Apartment In Perth Amboy, NJ For $2.8M
309 Herbert Street, Perth Amboy, New Jersey 08861, United States
$2,800,000
$246/SF
Building Size
11,367 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
AI
The apartment located at 309 Herbert St in Perth Amboy, NJ was recently sold for $2,800,000. The property is an apartment asset and was sold on March 23, 2022.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $2,800,000
- Address: 309 Herbert St, Perth Amboy, NJ
- Market: Perth Amboy, NJ
Isaac Niederman purchased the apartment from Solomon Plutchok.
Perth Amboy 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93