Invel Capital Acquires Multifamily Property In South Orange For $9.3M
SOLD
$9,300,000
New Jersey
See Similar DealsMultiFamily900 SF
Sold 06/11/2021
SOLD
Invel Capital Acquires Multifamily Property In South Orange For $9.3M
320 Valley Street, South Orange, NJ, USA
See Similar DealsMultiFamily900 SF
Sold 06/11/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$10,333
Total Square Footage:900 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
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