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
Elizabeth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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