Berger Eisenberger Acquires Multifamily Property In Newark For $1.975M With Rep Diane Rivera
79 Tillinghast Street
$1,975,000
$13/SF
Building Size
150,000 SF
Asset Type
MultiFamily
Closing
Aug 23, 2022
AI
Located at 79 Tillinghast St in Newark, this fully renovated 16-unit building is an all-brick multifamily property. The sale closed on 08/23/2022 with a sale price of $1,975,000. With a total square footage of 150,000, the building features 16 units, resulting in a per unit price of $123,438. The price per square foot is $13.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,975,000
- Address: 79 Tillinghast St, Newark
- Market: Newark
- Units: 16
- Price per Unit: $123,438
- Square Footage: 150,000
- Price per Square Foot: $13
- Buyer: Berger Eisenberger
- Seller: 79 Tillinghast Partners
- Broker: Diane Rivera - Century 21 Preferred Realty
Congratulations to all parties involved in this successful transaction. Despite its challenges, the deal was closed successfully. Diane Rivera from Century 21 Preferred Realty represented the buyer, Berger Eisenberger, in this transaction.
If you're looking to buy, sell, or invest in New Jersey, Diane Rivera is the expert to contact. With over 20 years of experience in the industry, she specializes in residential homes, new construction development, commercial and investment market, as well as condo sales and marketing.
Contact Diane Rivera at 973-809-7045 or visit www.forsalebydianerivera.com to explore opportunities in the New Jersey real estate market.
Players
Newark 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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93