Barry Waisbrod Of Kislak Represents Sale Of Trenton Multifamily For $6.18 Million
328 Bellevue Avenue & 883 887 Parkside Avenue
$6,176,000
$123/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Dec 31, 2024
AI
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.
Players
Trenton 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
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93