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434 Lincoln Avenue

Joni Sweetwood & Daniel Lanni Of Kislak Broker $13.8M Multifamily Sale On Lincoln Avenue In Orange, NJ
SOLDMultiFamily

Joni Sweetwood & Daniel Lanni Of Kislak Broker $13.8M Multifamily Sale On Lincoln Avenue In Orange, NJ

434 Lincoln Avenue

$13,800,333

Building Size

Asset Type

MultiFamily

Closing

Jan 4, 2024

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

Joni Sweetwood

Kislak

Broker

$420.4M

vol

31 deals

Broker

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