Updated Sep 11, 2026
Don Baxter Of Runninpenguin & Michael Salomon Of Kislak Complete $3.575M Multifamily Sale In East Orange
5 Harvard Street, 82 South Harrison Street & 118 South Clinton Street
$3,575,000
$230/SF
Building Size
13,500 SF
Asset Type
MultiFamily
Closing
Jul 1, 2026
About this deal
AI
The transaction involves a multifamily property located at 5 Harvard Street, 82 South Harrison Street & 118 South Clinton Street in East Orange. The asset consists of 20 units and was sold for $3,575,000, resulting in a price per unit of $178,750.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,575,000
- Units: 20
- Price Per Unit: $178,750
- Date of Sale: 07/01/2026
- Brokers: Don Baxter @Runninpenguin & Michael Salomon - Kislak
Don Baxter represents the seller in this transaction alongside Michael Salomon, who is affiliated with Kislak. Their roles illustrate the engagement of brokers in facilitating this multifamily property sale in East Orange.
Players
East Orange 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
4.44%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93