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459 Penn Street, Perth Ambo...

Isaac Niederman Acquires Perth Amboy Apartments From Solomon Plutchok For $1.23M
SOLDMultiFamily

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

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.

Players

Isaac Niederman

Buyer

$15M

vol

7 deals

Buyer

Solomon Plutchok

Seller

$10.8M

vol

6 deals

Seller

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