Updated Dec 21, 2023
Marcus & Millichap Brokers $14M Multifamily Sale In Orange, CA
400 Highland Terrace, City of Orange, NJ 07050, USA
$14,000,000
$143/SF
Building Size
97,500 SF
Asset Type
MultiFamily
Closing
Oct 22, 2020
About this deal
AI
The multifamily property located at 400 Highland Terrace in Orange was recently sold for $14,000,000. The transaction took place on October 23, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Units: 81
- Price per Unit (PPU): $172,840
- Market: Orange
The sale of this multifamily property was facilitated by Richard D. Gatto and Fahri Ozturk from Marcus & Millichap. They represented the parties involved in the deal and ensured a successful transaction.
The multifamily sale at 400 Highland Terrace, City of Orange, NJ 07050, USA in Orange, New Jersey sold for $14M in 2020. Reported inventory is 97,500 square feet across 81 units, or about 143 per square foot. Richard Gatto, Fahri Ozturk, CBRE appear on the sale alongside CBRE. This page is the Orange, New Jersey file for the 400 Highland Terrace, City of Orange, NJ 07050, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Orange sit in the Market section below. Filter that Orange multifamily set by closing date to see what else sold near 400 Highland Terrace, City of Orange, NJ 07050, USA around 2020. Published consideration for 400 Highland Terrace, City of Orange, NJ 07050, USA is $14M, dated 2020. Cite this Marcus & Millichap Brokers $14M Multifamily Sale In Orange, CA sale when underwriting similar multifamily product around Orange, New Jersey.
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Orange 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93