360-Unit St. Mary's Villas Sold In Newark With Brokers Henry Mathies & John O'Donoghue
SOLD
New Jersey
See Similar DealsMultiFamily180,000 SF
Sold 01/16/2026
Summary
NEW JERSEY
Asset Type:MultiFamily
Total Square Footage:180,000 SF
Transaction Type:Sale
St. Mary's Villas is a 360-unit, Senior Project Based Section 8 property located in Newark, New Jersey, with a total square footage of 180,000. The transaction took place on January 16, 2026.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 360
- Square Feet: 180,000
- Market: Newark
Henry Mathies and John O'Donoghue from Greysteel represented the transaction. Their involvement highlights the brokerage's engagement in facilitating this multifamily property transaction in the Newark area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,125,877.39
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$208,229.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$277,842.25
Annual Debt Service$3,334,107.05
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