Updated Oct 20, 2026
SOLDMultiFamily
Cheskel Deutsch Acquires Newark Multifamily For $4.64M From Roc360 With Brokers Zamora & Carle
773 Sanford Avenue
$4,640,000
$128/SF
Building Size
36,100 SF
Asset Type
MultiFamily
Closing
Aug 7, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 773 Sanford Avenue in Newark, covering an area of 0.62 acres. The sale was completed for $4,640,000, with a total of 38 units. The asset has a square footage of 36,120 and a price per square foot of $128.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,640,000
- Address: 773 Sanford Avenue
- Market: Newark
- Units: 38
- Price Per Unit: $122,105
- Square Footage: 36,120
- Price Per Square Foot: $128
- Buyer: Cheskel Deutsch
- Seller: Roc360
- Brokers: Jonathan Zamora & Jack Carle - Marcus & Millichap
Jonathan Zamora and Jack Carle from Marcus & Millichap represented the seller, Roc360, in this transaction. The deal was part of a four-property, bank-owned multifamily portfolio in Newark and Irvington, which attracted around 50 offers from qualified buyers. The transactions concluded as all-cash and non-contingent deals, emphasizing competitive price discovery.
On the Map
$4,640,000
$128/SF
MultiFamily
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Players
Newark 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
3.42%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93