Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 309 Herbert Street, Perth Amboy, New Jersey 08861, United States in Perth Amboy, New Jersey sold for $2.8M in 2022. The building is 11,367 square feet, implying about 246 per square foot on the published price. Named participants on the 309 Herbert Street, Perth Amboy, New Jersey 08861, United States sale are Solomon Plutchok, Isaac Niederman. This page is the Perth Amboy, New Jersey file for the 309 Herbert Street, Perth Amboy, New Jersey 08861, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Perth Amboy sit in the Market section below. Filter that Perth Amboy multifamily set by closing date to see what else sold near 309 Herbert Street, Perth Amboy, New Jersey 08861, United States around 2022. Published consideration for 309 Herbert Street, Perth Amboy, New Jersey 08861, United States is $2.8M, dated 2022. Cite this Isaac Niederman Acquires Apartment In Perth Amboy, NJ For $2.8M sale when underwriting similar multifamily product around Perth Amboy, New Jersey.
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