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Multifamily Property At 37-47 Watson Avenue Sold For $3.63M With Jeff Squires Of Kislak

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SOLD
$3,630,000

New Jersey

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MultiFamily50,000 SF
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Property Image
SOLD

Multifamily Property At 37-47 Watson Avenue Sold For $3.63M With Jeff Squires Of Kislak

37-47 Watson Avenue & 44-50 Watson Avenue

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MultiFamily50,000 SF
Sold
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$72
Total Square Footage:50,000 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 37-47 Watson Avenue & 44-50 Watson Avenue in the Elizabeth market. The sale price of the property was $3,630,000, which equates to a price per unit of $134,444, with a total of 27 units available.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,630,000
  • Units: 27
  • Price Per Unit: $134,444
  • Broker: Jeff Squires - Kislak
  • Transaction Date: 08/30/2024

Jeff Squires represented the brokerage Kislak in this transaction, overseeing the deal in the capacity of the broker. His involvement was instrumental in the successful completion of the sale in the Elizabeth market.

Players

Jeff Squires
Kislak
Jeff Squires
17 deals$280.4M volume
BROKER

Details

SOLD
IMAGE: Jeff Squires DATE: 08/30/2024 ADDRESS: 37-47 Watson Avenue & 44-50 Watson Avenue MARKET: Elizabeth ASSET TYPE: Multifamily BROKER: Jeff Squires (@Jeffreycraig80) - Kislak (@KislakCompany) SALE PRICE: $3,630,000 UNITS: 27 ~ PPU: $134,444

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,896.62
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