Updated Dec 19, 2023
Kislak Company Brokers $2M Sale Of Multifamily Property In New Brunswick, NJ
5 Charles Street, New Brunswick, New Jersey 08901, United States
$2,000,000
$193/SF
Building Size
10,344 SF
Asset Type
MultiFamily
Closing
Oct 6, 2022
About this deal
AI
Located at 5 Charles St in New Brunswick, NJ, this recently sold multifamily property offers a promising investment opportunity. The property consists of 14 units with a total square footage of 10,344. The sale price for this transaction was $2,000,000, resulting in a price per unit of $142,857. Additionally, the price per square foot was $193.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 14
- Price per Unit: $142,857
- Square Footage: 10,344
- Price per Square Foot: $193
- Market: New Brunswick, NJ
This successful sale was facilitated by Daniel Lanni from the Kislak Company. As the broker representing the transaction, Daniel Lanni played a crucial role in the deal's completion.
Players
New Brunswick 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93