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771 South East Avenue, Vine...

The Kislak Company, Inc Acquires Multifamily Property In Vineland For $18.35M
SOLDMultiFamily

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

Joni Sweetwood

Kislak

Broker

$420.4M

vol

31 deals

Broker

Vineland 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93