Updated Oct 29, 2024
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
About this deal
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.
On the Map
$7,700,000
MultiFamily
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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