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88 West Veterans Highway, J...

Goldcrest Properties Acquires Multifamily Property In Jackson, NJ For $8.35M
SOLDMultiFamily

Goldcrest Properties Acquires Multifamily Property In Jackson, NJ For $8.35M

88 West Veterans Highway, Jackson, NJ 08527

$8,350,000

$238/SF

Building Size

35,000 SF

Asset Type

MultiFamily

Closing

Jan 5, 2022

AI

A multifamily property located at 80-88 West Veterans Highway in Jackson, NJ has been sold for a price of $8,350,000. The property, consisting of 44 units, offers an average price per unit of $189,773. With a total area of 35,000 square feet, the price per square foot is approximately $239. The sale took place on January 5, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,350,000
  • Units: 44
  • Price per Unit: $189,773
  • Total Square Feet: 35,000
  • Price per Square Foot: $239
  • Buyer: Hillel Hertz - Goldcrest Properties
  • Seller: Monjoy Limited Partnership
  • Broker: Ben Cooper - Capital Realty

The buyer of the property is Hillel Hertz from Goldcrest Properties, while the seller is Monjoy Limited Partnership. The deal was facilitated by Ben Cooper from Capital Realty, who represented the parties involved. This transaction signifies an important milestone for the individuals and companies involved, further expanding their real estate portfolios and investment opportunities.

Players

Ben Cooper

Broker

$20.3M

vol

2 deals

Broker
Hillel Hertz

Hillel Hertz

Goldcrest Properties

Buyer

$218.9M

vol

6 deals

Buyer

Jackson 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

1.90%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93