Invel Capital Acquires Multifamily Property In South Orange For $9.3M
320 Valley Street, South Orange, NJ, USA
$9,300,000
$10,333/SF
Building Size
900 SF
Asset Type
MultiFamily
Closing
Jun 10, 2021
AI
The multifamily property located at 320 Valley St in South Orange was sold on 06/11/2021. The transaction was facilitated by Ryan Goldstein, a representative of Invel Capital. The property consists of 22 units, and the sale price amounted to $9,300,000. This results in a per unit price of approximately $422,727.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,300,000
- Property Address: 320 Valley St, South Orange
- Market: South Orange
Ryan Goldstein from Invel Capital played a pivotal role in the transaction, representing the buyer in this deal.
South Orange 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93