Updated Dec 4, 2024
Janet Bortz & Joni Sweetwood Facilitate $5.2M Multifamily Sale In Elizabeth
800-822 North Broad Street
$5,200,000
Units
46
Asset Type
MultiFamily
Closing
May 31, 2024
About this deal
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.
The multifamily sale at 800-822 North Broad Street in Elizabeth, New Jersey sold for $5.2M in 2024. Reported inventory is 46 units across 46 units. Janet Bortz, Joni Sweetwood, Kislak appear on the sale alongside Kislak. This page is the Elizabeth, New Jersey file for the 800-822 North Broad Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Elizabeth sit in the Market section below. Filter that Elizabeth multifamily set by closing date to see what else sold near 800-822 North Broad Street around 2024. Published consideration for 800-822 North Broad Street is $5.2M, dated 2024. Cite this Janet Bortz & Joni Sweetwood Facilitate $5.2M Multifamily Sale In Elizabeth sale when underwriting similar multifamily product around Elizabeth, New Jersey.
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Elizabeth 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93