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79 Tillinghast Street

Updated Oct 28, 2024

Berger Eisenberger Acquires Multifamily Property In Newark For $1.975M With Rep Diane Rivera
SOLDMultiFamily

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

About this deal

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

Diane Rivera

Century 21

Broker

$9.7M

vol

10 deals

Broker

Newark MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $13 per square foot on a published $2M for 150,000 square feet (2022).

Visit Diane Rivera to view all their deals.

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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

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