Updated Feb 5, 2025
Cammeby’s International Acquires Multifamily Property In Linden For $20.5M
315-441 Academy Terrace, Linden, NJ, USA
$20,500,000
$261/SF
Building Size
78,408 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
A multifamily property located at 315-441 Academy Terrace in Linden has been sold in a recent transaction. The property, consisting of 120 units, was purchased by Cammeby’s International from S.G.A. LLC for a total price of $20,500,000. This equates to approximately $170,833 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,500,000
- Units: 120
- Price per Unit: $170,833
- Address: 315-441 Academy Terrace
- Market: Linden
Jeff Squires of Kislak Co. represented the buyer, Cammeby’s International, in the transaction.
The multifamily sale at 315-441 Academy Terrace, Linden, NJ, USA in Linden, New Jersey sold for $20.5M in 2021. Reported inventory is 78,408 square feet across 120 units, or about 261 per square foot. Jeff Squires, Kislak appear on the sale alongside Kislak. This page is the Linden, New Jersey file for the 315-441 Academy Terrace, Linden, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Linden sit in the Market section below. Filter that Linden multifamily set by closing date to see what else sold near 315-441 Academy Terrace, Linden, NJ, USA around 2021. Published consideration for 315-441 Academy Terrace, Linden, NJ, USA is $20.5M, dated 2021. Cite this Cammeby’s International Acquires Multifamily Property In Linden For $20.5M sale when underwriting similar multifamily product around Linden, New Jersey.
Players
Linden MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeff Squires to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93