Barry Waisbrod Of Kislak Represents Sale Of Trenton Multifamily For $6.18 Million
SOLD
$6,176,000
New Jersey
See Similar DealsMultiFamily50,000 SF
Sold 12/31/2024
SOLD
Barry Waisbrod Of Kislak Represents Sale Of Trenton Multifamily For $6.18 Million
328 Bellevue Avenue & 883 887 Parkside Avenue
See Similar DealsMultiFamily50,000 SF
Sold 12/31/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:50,000 SF
Transaction Type:Sale
The transaction involves a multifamily property located at 328 Bellevue Avenue & 883-887 Parkside Avenue in Trenton. The sale price reached $6,176,000, encompassing a total of 57 units. The price per unit equated to $108,350.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,176,000
- Units: 57
- Price Per Unit: $108,350
- Broker: Barry Waisbrod
- Agency: Kislak
- Date of Sale: 12/31/2024
- Market: Trenton
Barry Waisbrod represented the transaction as the broker from Kislak, facilitating the sale of this multifamily asset in the Trenton market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$329,386.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,942.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,277.39
Annual Debt Service$351,328.69
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