Joni Sweetwood Of Kislak Represents Sale Of 44-Unit Multifamily In Mays Landing For $5.85M
6200 Old Harding Highway
$5,850,000
$152/SF
Building Size
38,400 SF
Asset Type
MultiFamily
Closing
Aug 28, 2024
AI
The property asset involved in this transaction is a multifamily residential building located at 6200 Old Harding Highway in Mays Landing. The sale price of the asset was $5,850,000, and it comprises a total of 44 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,850,000
- Units: 44
- Address: 6200 Old Harding Highway
- Market: Mays Landing
- Broker: Joni Sweetwood - Kislak
Joni Sweetwood from Kislak represented the broker in this closed transaction, facilitating the sale between the involved parties.
Players
Mays Landing 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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93