Updated Dec 21, 2023
CBRE Acquires Multifamily Property In Lindenwold For $9.3M
91 Oak Street, Lindenwold, New Jersey 08021, United States
$9,300,000
$92/SF
Building Size
100,476 SF
Asset Type
MultiFamily
Closing
Jan 27, 2022
About this deal
AI
Located in Lindenwold, the multifamily property at 91 Oak Street was recently sold in a closed transaction. The sale was facilitated by Trevor Fiebel and Nat Gambuzza of CBRE. The transaction took place on January 28, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $9,300,000
- Units: 80
- Price per Unit: $116,250
- Square Footage: 100,476
- Price per Square Foot: $93
- Address: 91 Oak Street
- Market: Lindenwold
Trevor Fiebel and Nat Gambuzza of CBRE played crucial roles in representing the parties involved in the sale. Their expertise in the real estate market contributed to the successful completion of the transaction. The sale of this multifamily property demonstrates the continued activity and growth in the Lindenwold market.
Players
Lindenwold 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93