Updated Dec 20, 2023
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
Units
253
Asset Type
MultiFamily
Closing
May 16, 2022
About this deal
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.
On the Map
$63,500,000
MultiFamily
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North 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93