Updated Sep 9, 2024
Cushman & Wakefield Represents Sale Of Newark Multifamily For $2.15M
511 Roseville Avenue, Newark, NJ 07107
$2,155,000
$243/SF
Building Size
8,851 SF
Asset Type
MultiFamily
Closing
Jul 27, 2020
About this deal
AI
Located at 511-515 Roseville Ave in Newark, NJ, this multifamily property was recently sold in a closed transaction. The transaction took place on 07/27/2021, with a sale price of $2,155,000. The property consists of 21 units, resulting in a price per unit (PPU) of $102,619.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,155,000
- Units: 21
- Price Per Unit (PPU): $102,619
The sale of this multifamily property was facilitated by the brokers Brian Whitmer, Andrew Schwartz, Jordan Sobel, and Andre Balthazard, who are associated with Cushman & Wakefield. Their expertise and representation played a crucial role in the successful transaction.
Players
Newark MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Andre Balthazard to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.36%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93