Updated Dec 4, 2024
Joni Sweetwood & Daniel Lanni Of Kislak Broker $13.8M Multifamily Sale On Lincoln Avenue In Orange, NJ
434 Lincoln Avenue
$13,800,333
Units
80
Asset Type
MultiFamily
Closing
Jan 4, 2024
About this deal
AI
The multifamily property located at 434 Lincoln Avenue in Orange, NJ was recently sold. The transaction was handled by brokers Joni Sweetwood and Daniel Lanni from Kislak. The property consists of 80 units and was sold for a total price of $13,800,333. This equates to approximately $172,504 per unit.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $13,800,333
- Units: 80
- Price Per Unit: $172,504
- Brokers: Joni Sweetwood & Daniel Lanni - Kislak
This successful transaction highlights the expertise of brokers Joni Sweetwood and Daniel Lanni from the Kislak agency. Their representation ensured a smooth and efficient sale process for the multifamily property at 434 Lincoln Avenue in Orange, NJ.
Players
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93