Updated Jan 10, 2025
Clarence Frances Acquires 765 Canton Street Multifamily From Miguel Valdez For $1.125M
765 Canton Street
$1,125,000
$265/SF
Building Size
4,233 SF
Asset Type
MultiFamily
Closing
Dec 23, 2024
About this deal
AI
The multifamily property located at 765 Canton Street in Elizabeth sold for $1,125,000. This asset consists of 1 unit and encompasses a total square footage of 4,233, resulting in a price per unit of $1,125,000 and a price per square foot of $265.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 765 Canton Street
- Market: Elizabeth
- Units: 1
- Square Footage: 4,233
- Price Per Unit: $1,125,000
- Price Per Square Foot: $265
- Buyer: Clarence Frances
- Seller: Miguel Valdez
- Broker: Jonathan J. Cardona - Lifestyle International Realty
Jonathan J. Cardona represented the broker Lifestyle International Realty in this transaction, marking a record-breaking sale for the highest sold new construction 2-family house in Elizabeth, NJ.
On the Map
$1,125,000
$265/SF
MultiFamily
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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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93