David Oropeza Of ICON Real Estate Advisors Represents Buyer 76 E Park St LLC In $2.575M Sale
76 East Park Street
$2,575,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 30, 2026
AI
The transaction involved a multifamily property located at 76 East Park Street in East Orange. The property, which spans 0.38 acres, contains 26 units and was sold for $2,575,000, resulting in a price per unit of $99,038. This two-story garden-style asset benefits from transit access to New York City.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,575,000
- Units: 26
- Price per Unit: $99,038
- Address: 76 East Park Street
- Market: East Orange
- Acres: 0.38
The transaction was facilitated by David Oropeza from ICON Real Estate Advisors, who represented both the buyer, 76 E Park St LLC, and the seller, East Park St LLC. David Oropeza led the sales process for this deal, ensuring a smooth transaction for the involved parties.
East Orange 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
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93