Updated Dec 18, 2023
Isaac Niederman Acquires Perth Amboy Apartments From Solomon Plutchok For $1.23M
459 Penn Street, Perth Amboy, New Jersey 08861, United States
$1,230,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 22, 2022
About this deal
AI
The apartment property located at 459 Penn St in Perth Amboy, NJ was recently sold. The sale took place on March 23, 2022, with a transaction amount of $1,230,000. The property is comprised of multiple apartment units, offering a lucrative investment opportunity in the Perth Amboy market.
Summary of transaction details
- Property Type: Apartments
- Transaction Amount: $1,230,000
- Address: 459 Penn St, Perth Amboy, NJ
- Market: Perth Amboy, NJ
The buyer of the property was Isaac Niederman, while the seller was Solomon Plutchok. Both parties played crucial roles in the successful completion of the transaction.
On the Map
$1,230,000
MultiFamily
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Perth Amboy 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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93