FCA Acquires Property At 82 Contant Ave Lodi NJ For $7.7 Million With Debbie Pomerantz And Greg Pine As Seller's Reps
82 Contant Ave, Lodi, NJ, 07644
$7,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
A multifamily complex has been sold at 82 Contant Ave, Lodi, NJ, 07644 for $7,700,000.00. The property spans a two-story layout and consists of three buildings, featuring a total of 48 one-bedroom units and two two-bedroom apartment units. The transaction took place in the Lodi market.
Summary of transaction details:
- Property Type: Multifamily Complex
- Transaction Amount: $7,700,000.00
- Address: 82 Contant Ave, Lodi, NJ, 07644
- Market: Lodi
- Buyer: FCA
- Seller's Representatives: Debbie Pomerantz - Gebroe-Hammer Associates, Greg Pine - Gebroe-Hammer Associates
Greg Pine and Debbie Pomerantz of Gebroe-Hammer Associates acted on behalf of the seller, Arthur Holding Co., in this transaction while also procuring the buyer, FCA, for the multifamily complex.
Players
Lodi 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93