360-Unit St. Mary's Villas Sold In Newark With Brokers Henry Mathies & John O'Donoghue
Building Size
180,000 SF
Asset Type
MultiFamily
Closing
Jan 15, 2026
AI
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.
Players
Newark 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93