The Kislak Company, Inc Acquires Multifamily Property In Vineland For $18.35M
771 South East Avenue, Vineland, New Jersey 08360, United States
$18,350,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 18, 2022
AI
Located in Vineland, the multifamily property at 771 South East Avenue was recently sold for a whopping $18,350,000. This transaction took place on October 19, 2022, with Joni Sweetwood of The Kislak Company, Inc serving as the broker for the deal. The property spans across 13.38 acres and boasts a total of 130 units. With a price per unit of $141,154, this sale is a significant one in the Vineland market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $18,350,000
- Address: 771 South East Avenue, Vineland
- Broker: Joni Sweetwood - The Kislak Company, Inc
- Units: 130
- Price Per Unit: $141,154
Joni Sweetwood of The Kislak Company, Inc acted as the broker in this transaction, representing the buyer or seller. The involvement of a reputable brokerage firm adds a level of expertise and professionalism to the deal, ensuring a smooth process for all parties involved.
Players
Vineland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93