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315 West Grand Street, Eliz...

Kislak Brokers Sell Multifamily Property In Elizabeth For $14.3M
SOLDMultiFamily

Kislak Brokers Sell Multifamily Property In Elizabeth For $14.3M

315 West Grand Street, Elizabeth, New Jersey 07202, United States

$14,300,000

Building Size

Asset Type

MultiFamily

Closing

Mar 7, 2022

AI

A multifamily property located at 315 West Grand Street in Elizabeth has been sold. The transaction took place on 03/08/2022 and was facilitated by Joseph Keenan, Jeff Squires, and Joni Sweetwood from Kislak. The property consists of 193 units, with a sale price of $14,300,000 and a per unit price of $74,093.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $14,300,000
  • Address: 315 West Grand Street
  • Market: Elizabeth
  • Brokers: Joseph Keenan, Jeff Squires, and Joni Sweetwood - Kislak
  • Units: 193
  • Price Per Unit: $74,093

The involvement of Joseph Keenan, Jeff Squires, and Joni Sweetwood of Kislak in this transaction highlights the expertise and professionalism they bring to the table. Their representation ensured a successful sale of this multifamily property in Elizabeth.

Players

Jeff Squires

Kislak

Broker

$280.4M

vol

17 deals

Broker

Elizabeth 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

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93