Updated Dec 21, 2023
James Harrison's DLP Realty Acquires 20-Unit Multifamily In Trenton For $1.75M
350 Concord Avenue, Ewing Township, NJ, USA
$1,750,000
$651/SF
Building Size
2,688 SF
Asset Type
MultiFamily
Closing
Oct 15, 2021
About this deal
AI
Located at 350 Concord Ave in Trenton, NJ, this multifamily property was recently sold in a closed transaction. The sale was facilitated by James Harrison from DLP Realty Residential & Commercial Real Estate.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 20
- Price Per Unit: $87,500
- Square Footage: 2,688
- Price Per Square Foot: $651
- Market: Trenton, NJ
This sale transaction involved a multifamily property with 20 units spanning across 2,688 square feet. The property is located at 350 Concord Ave in Trenton, NJ. The transaction amount for this sale was $1,750,000, resulting in a price per unit of $87,500 and a price per square foot of $651.
Players
Ewing 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93