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FM Equities LLC Purchases Lincoln Manor Apartments From Layna Investments LLC For $10.73M
SOLD
$10,730,000
New Jersey
See Similar DealsMultiFamily
Sold 10/30/2025
SOLD
FM Equities LLC Purchases Lincoln Manor Apartments From Layna Investments LLC For $10.73M
448 Lincoln Avenue
See Similar DealsMultiFamily
Sold 10/30/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involved a multifamily asset known as Lincoln Manor Apartments, located at 448-458 Lincoln Avenue in Orange, New Jersey. The property comprises 68 units and was sold for a total price of $10,730,000, resulting in a per unit price of $157,794.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,730,000
- Units: 68
- Buyer: FM Equities LLC
- Seller: Layna Investments LLC
- Brokers: Nat Gambuzza & Tim Blashford - Berkadia
Nat Gambuzza and Tim Blashford, representing the seller Layna Investments LLC, successfully facilitated the acquisition of Lincoln Manor Apartments by FM Equities LLC. Berkadia played a crucial role in arranging the $10.73 million sale of this garden-style property.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$572,266.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,121.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,865.67
Annual Debt Service$610,388.09
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