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
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