facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

800-822 North Broad Street

Janet Bortz & Joni Sweetwood Facilitate $5.2M Multifamily Sale In Elizabeth
SOLDMultiFamily

Janet Bortz & Joni Sweetwood Facilitate $5.2M Multifamily Sale In Elizabeth

800-822 North Broad Street

$5,200,000

Building Size

Asset Type

MultiFamily

Closing

May 31, 2024

AI

The multifamily property located at 800-822 North Broad Street in Elizabeth was sold for $5,200,000. The property consists of 46 units, resulting in a price per unit of $113,043.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 46
  • Price Per Unit: $113,043
  • Address: 800-822 North Broad Street
  • Market: Elizabeth

Janet Bortz and Joni Sweetwood from Kislak represented the parties in this transaction, facilitating the sale of the multifamily property.

Players

Joni Sweetwood

Kislak

Broker

$420.4M

vol

31 deals

Broker

Elizabeth 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93