Nat Gambuzza & Trevor Fiebel Of Berkadia Facilitate Sale Of Multifamily Asset In New Brunswick For $5.65M
85 Easton Avenue
$5,650,000
$141/SF
Building Size
40,000 SF
Asset Type
MultiFamily
Closing
Apr 23, 2025
AI
The property asset involved in this transaction is a multifamily building located at 85 Easton Avenue in New Brunswick, which consists of 38 units. The sale price for the asset was $5,650,000, covering a total square footage of 40,000. The price per unit was calculated at $148,684, while the price per square foot came to $141.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,650,000
- Units: 38
- Square Footage: 40,000
- Price Per Unit: $148,684
- Price Per Square Foot: $141
- Market: New Brunswick
- Date of Sale: 4/24/2025
- Brokers: Nat Gambuzza & Trevor Fiebel - Berkadia
The key individuals involved in the transaction are brokers Nat Gambuzza and Trevor Fiebel, who represented the deal through Berkadia. Their expertise contributed to the successful completion of this multifamily asset sale.
Players
New Brunswick MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93