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51 West Chestnut Avenue

Joni Sweetwood Of Kislak Represents Sale Of Multifamily Property In Vineland For $12M
SOLDMultiFamily

Joni Sweetwood Of Kislak Represents Sale Of Multifamily Property In Vineland For $12M

51 West Chestnut Avenue

$12,000,000

$480/SF

Building Size

25,000 SF

Asset Type

MultiFamily

Closing

Dec 16, 2024

AI

This multi-family property, located at 51 West Chestnut Avenue in Vineland, NJ, was sold for a price of $12,000,000. The asset comprises 108 units, resulting in a price per unit of $111,111.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $12,000,000
  • Units: 108
  • Price Per Unit: $111,111
  • Date of Sale: 12/16/2024

The transaction was facilitated by broker Joni Sweetwood from Kislak, representing the interests involved in this property sale.

Players

Joni Sweetwood

Kislak

Broker

$420.4M

vol

31 deals

Broker

Vineland 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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93