Updated Oct 29, 2024
Metropolitan America Sells Trenton Multifamily For $20.5M With Tri-State Capital Markets Group - CBRE
445 West State Street, Trenton, New Jersey 08618, United States
$20,500,000
Units
160
Asset Type
MultiFamily
Closing
Nov 17, 2022
About this deal
AI
A multifamily property located at 445 W State St & 507 Grand St in Trenton has been sold for $20,500,000. This property consists of 160 units, resulting in a price per unit of $128,125.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,500,000
- Units: 160
- Price per Unit: $128,125
- Address: 445 W State St & 507 Grand St, Trenton
The seller of the property was Metropolitan America, represented by Cliff Corrall. The sale was facilitated by Rich Gatto, Fahri Ozturk, and Zach McHale from the Tri-State Capital Markets Group at CBRE.
On the Map
$20,500,000
MultiFamily
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Players
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93