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Albert Nigil Acquires Apartment Building On Broad St In Newark, NJ For $12.4M

Property Image
SOLD
$12,400,000

New Jersey

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MultiFamily
Sold 02/25/2022
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Property Image
SOLD

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

See Similar Deals
MultiFamily
Sold 02/25/2022
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

2 deals$21.1M volume
SELLER

Details

SOLD
IMAGE: 02/25/2022 ADDRESS: 810-812 Broad St MARKET: Newark, NJ ASSET TYPE: Apartment BUYER: Albert Nigil SELLER: Hanini Thafer PRICE: $12,400,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
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