facebook
Traded Co logo
Submit

Trevor Fiebel, Nat Gambuzza & Nick Balancia Close Multifamily Sale In Linden For $1.52M

Property Image
SOLD
$1,525,000

New Jersey

See Similar Deals
MultiFamily5,000 SF
Sold 05/15/2024
the dealplayerscompscontact
Property Image
SOLD

Trevor Fiebel, Nat Gambuzza & Nick Balancia Close Multifamily Sale In Linden For $1.52M

611 West Blancke Street

See Similar Deals
MultiFamily5,000 SF
Sold 05/15/2024
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:5,000 SF
Transaction Type:Sale

The multifamily property located at 611 West Blancke Street in Linden was sold for $1,525,000. The transaction involved the sale of an 8-unit property with a price per unit of $190,625. The total square footage of the property is 5,000, resulting in a price per square foot of $305.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,525,000
  • Units: 8
  • Price per Unit: $190,625
  • Square Footage: 5,000
  • Price per Square Foot: $305
  • Address: 611 West Blancke Street
  • Market: Linden
  • Brokers: Trevor Fiebel, Nat Gambuzza & Nick Balancia - Berkadia

The deal was facilitated by Trevor Fiebel, Nat Gambuzza, and Nick Balancia from Berkadia, representing the parties involved in the transaction.

Players

Nat Gambuzza
74 deals$917.5M volume
BROKER

Trevor Fiebel
Berkadia
41 deals$479.4M volume
BROKER

Nick Balancia
Berkadia
16 deals$107.4M volume(908) 642-1905
BROKER

Details

SOLD
IMAGE: Trevor Fiebel, Nat Gambuzza & Nick Balancia DATE: 05/15/2024 ADDRESS: 611 West Blancke Street MARKET: Linden ASSET TYPE: Multifamily BROKERS: Trevor Fiebel (@TrevortTrevv), Nat Gambuzza & Nick Balancia (@NickBalancia) - Berkadia (@Berkadia) SALE PRICE: $1,525,000 UNITS: 8 ~ PPU: $190,625 SF: 5,000 ~ PPSF: $305

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$81,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,229.28
Annual Debt Service$86,751.34