SOLDMultiFamily
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
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.
Players
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