Updated Dec 21, 2023
CBRE Brokers Sell Multifamily Assets In Belleville, Woodbridge, And South Orange For $10.62M
5-22 Carpenter Terrace South, Belleville, NJ, USA
$10,620,000
Units
62
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
A multifamily property located at 5-22 Carpenter Terrace, 1499 Oak Tree Road, and 43 Cottage Street in Belleville, Woodbridge, and South Orange has been sold for a total price of $10,620,000. The property consists of 62 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,620,000
- Units: 62
- Market: Belleville, Woodbridge & South Orange
- Brokers: Jeremy Wernick, Charles Berger & Elli Klapper - CBRE
The sale was facilitated by CBRE, with Jeremy Wernick, Charles Berger, and Elli Klapper as the brokers representing the parties involved in the transaction.
On the Map
$10,620,000
MultiFamily
View full map
Players
Belleville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeremy Wernick to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.49%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93