Landmark Companies Sells Elizabeth Multifamily Property For $21.3M
750 North Broad Street, Elizabeth, NJ, USA
$21,300,000
$31,094/SF
Building Size
685 SF
Asset Type
MultiFamily
Closing
Feb 16, 2021
AI
The multifamily property located at 750 N Broad St in Elizabeth has been sold for $21,300,000. The transaction took place on February 17, 2021. The property is situated in the market of Elizabeth and is owned by Landmark Companies, represented by Eric Harvitt and Michael Gottlieb. The sale was facilitated by brokers Stephen Tragash and David Jarvis of Gebroe-Hammer Associates.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $21,300,000
- Address: 750 N Broad St
- Market: Elizabeth
- Seller: Landmark Companies - Eric Harvitt & Michael Gottlieb
- Brokers: Stephen Tragash & David Jarvis - Gebroe-Hammer Associates
The sellers, Landmark Companies, were represented by Eric Harvitt and Michael Gottlieb. The transaction was successfully completed with the assistance of brokers Stephen Tragash and David Jarvis from Gebroe-Hammer Associates.
Players
Elizabeth 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93