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435 Tyler Street, Trenton, ...

Time Equities Inc. Acquires Multifamily Property In Trenton, NJ For $28.85M
SOLDMultiFamily

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

Jose Cruz

JLL

Broker

$7.9B

vol

102 deals

Broker
Brian Soto

Brian Soto

Time Equities

Buyer

$44.5M

vol

4 deals

Buyer

Trenton 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

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93