Updated Dec 21, 2023
RE/MAX Select Sells Multifamily Property In New Brunswick, NJ For $1.1M
8 Central Avenue
$1,100,000
$256/SF
Building Size
4,292 SF
Asset Type
MultiFamily
Closing
Jan 10, 2022
About this deal
AI
The multifamily property located at 8 Central Ave in New Brunswick, NJ, has been sold for $1,100,000. This property consists of 6 units, with a price per unit of $183,333. The total square footage of the building is 4,292, making the price per square foot $256.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 8 Central Ave
- Market: New Brunswick, NJ
- Units: 6
- Price per Unit: $183,333
- Square Footage: 4,292
- Price per Square Foot: $256
The sale of this property was facilitated by RE/MAX Select, who represented the buyers and sellers in the transaction.
Players
New Brunswick 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93