Updated Dec 4, 2024
Kislak Broker Joni Sweetwood Facilitates $6.9M Multifamily Sale In Roselle, NJ
533 East 2nd Avenue
Units
35
Asset Type
MultiFamily
Closing
Dec 28, 2023
About this deal
AI
The multifamily property located at 533 East 2nd Avenue in Roselle, NJ has been sold. The transaction was facilitated by Joni Sweetwood of Kislak. The property consists of 35 units, with each unit priced at approximately $197,143.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,900,000
- Address: 533 East 2nd Avenue, Roselle, NJ
- Market: Roselle, NJ
- BROKER: Joni Sweetwood - Kislak
- Units: 35
- Price per Unit: $197,143
This transaction highlights Joni Sweetwood's role as the representative from Kislak, who facilitated the sale of the multifamily property at 533 East 2nd Avenue. The deal showcases the successful collaboration between the buyer, seller, and their respective representatives, ensuring a smooth and efficient transaction.
On the Map
MultiFamily
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Roselle MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93