Updated Dec 21, 2023
Albert Nigil Acquires Apartment Building On Broad St In Newark, NJ For $12.4M
812 Broad Street / Kenneth a. Gibson Blvd, Newark, New Jersey 07102, United States
$12,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 24, 2022
About this deal
AI
The apartment property located at 810-812 Broad St in Newark, NJ was recently sold in a closed transaction. The sale took place on February 25, 2022.
Summary of Transaction Details
- Property Type: Apartment
- Transaction Amount: $12,400,000
- Address: 810-812 Broad St, Newark, NJ
- Market: Newark, NJ
The buyer of the apartment property is Albert Nigil, while the seller is Hanini Thafer.
The multifamily sale at 812 Broad Street / Kenneth a. Gibson Blvd, Newark, New Jersey 07102, United States in Newark, New Jersey sold for $12.4M in 2022. 812 Broad Street / Kenneth a. Gibson Blvd, Newark, New Jersey 07102, United States is classified as Multifamily on Traded. Named participants on the 812 Broad Street / Kenneth a. Gibson Blvd, Newark, New Jersey 07102, United States sale are Hanini Thafer. This page is the Newark, New Jersey file for the 812 Broad Street / Kenneth a. Gibson Blvd, Newark, New Jersey 07102, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Newark sit in the Market section below. Filter that Newark multifamily set by closing date to see what else sold near 812 Broad Street / Kenneth a. Gibson Blvd, Newark, New Jersey 07102, United States around 2022. Published consideration for 812 Broad Street / Kenneth a. Gibson Blvd, Newark, New Jersey 07102, United States is $12.4M, dated 2022. Cite this Albert Nigil Acquires Apartment Building On Broad St In Newark, NJ For $12.4M sale when underwriting similar multifamily product around Newark, New Jersey.
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Newark 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93