Gebroe-Hammer Associates Facilitates $63.5M Multifamily Sale In North Brunswick, NJ With Broker David Jarvis
500 Adams Lane, North Brunswick, New Jersey 08902, United States
$63,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 16, 2022
AI
The multifamily property located at 500 Adams Lane in North Brunswick, NJ has been sold for a total price of $63,500,000. The transaction took place on 05/17/2022 and was facilitated by David Jarvis from Gebroe-Hammer Associates. The property consists of 253 units, with each unit being sold at an average price of $250,988.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $63,500,000
- Address: 500 Adams Lane, North Brunswick, NJ
- Market: North Brunswick, NJ
- Units: 253
- Price Per Unit: $250,988
David Jarvis from Gebroe-Hammer Associates played a crucial role in representing the buyer and seller in this deal. The transaction showcases the strong demand in the North Brunswick, NJ market for multifamily properties.
North Brunswick 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93