Updated Dec 21, 2023
The Kislak Co. Inc. Brokers $2.175M Sale Of 11-Unit Multifamily In Belleville
4 Highland Avenue, Belleville, NJ, USA
$2,175,000
$1,933/SF
Building Size
1,125 SF
Asset Type
MultiFamily
Closing
Feb 24, 2021
About this deal
AI
An 11-unit multifamily property located at 4 Highland Avenue in Belleville has been sold for $2,175,000. The sale was facilitated by Thomas Scatuorchio of The Kislak Co. Inc. The property was sold on February 25, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,175,000
- Address: 4 Highland Avenue, Belleville
- Market: Belleville
- Broker: Thomas Scatuorchio - The Kislak Co. Inc.
This transaction involved the sale of an 11-unit multifamily property in Belleville. Thomas Scatuorchio of The Kislak Co. Inc. represented the parties involved in the deal. The sale took place on February 25, 2021.
Players
Belleville 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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93