Time Equities Inc. Acquires Multifamily Property In Trenton, NJ For $28.85M
435 Tyler Street, Trenton, NJ, USA
$28,850,000
$144,250/SF
Building Size
200 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
AI
Time Equities Inc. has acquired a multifamily property located at 435 Tyler St. in Trenton, NJ. The transaction took place on 04/09/2021 and was facilitated by the brokers Michael Oliver, Fran Coyne, and Jose Cruz from JLL. The property consists of 200 units, and the purchase price was $28,850,000, resulting in a price per unit of $144,250.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $28,850,000
- Units: 200
- Address: 435 Tyler St.
- Market: Trenton, NJ
Brian Soto and Max Pastor from Time Equities Inc. were the buyers in this transaction. They were represented by Michael Oliver, Fran Coyne, and Jose Cruz from JLL. The deal was closed successfully, further expanding Time Equities Inc.'s portfolio.
Players
Trenton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93