Marcus & Millichap Facilitates $2.2M Multifamily Sale In East Orange, NJ
31 Beech Street, East Orange, New Jersey 07018, United States
$2,200,000
$179/SF
Building Size
12,250 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
Located in East Orange, this multifamily property at 31 Beech St recently changed hands in a closed transaction. The sale was facilitated by Jed Matricaria from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,200,000
- Square Footage: 12,250
- Price per Square Foot: $180
The transaction between the buyer and seller took place on March 31, 2022. The property at 31 Beech St offers a total of 12,250 square feet of space. The sale price for this multifamily asset was $2,200,000, resulting in a price per square foot of $180.
Jed Matricaria from Marcus & Millichap represented the buyer and seller in this deal, ensuring a smooth transaction for both parties involved.
East Orange 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93