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
Building Size
—
Asset Type
MultiFamily
Closing
Nov 5, 2021
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.
Players
Belleville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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