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76 East Park Street

Updated May 1, 2026

David Oropeza Of ICON Real Estate Advisors Represents Buyer 76 E Park St LLC In $2.575M Sale
SOLDMultiFamily

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

Units

26

Asset Type

MultiFamily

Closing

Apr 30, 2026

About this deal

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.

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$2,575,000

MultiFamily

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Players

David Oropeza

ICON Real Estate Advisors

Broker

$451M

vol

14 deals

Broker

East Orange MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $99K per unit across 26 units on a published $2.6M (2026).

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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

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