AJ Shaha Purchases Multifamily Asset In East Orange From Cliff Corrall And Josh Kahr For $9.35M
22 30 South Munn Avenue
$9,350,000
$205/SF
Building Size
45,588 SF
Asset Type
MultiFamily
Closing
Dec 17, 2025
AI
The property involved in this transaction is a multifamily asset located at 22-30 South Munn Avenue in East Orange. The sale price for the property was $9,350,000. The asset encompasses a total square footage of 45,588, and it includes 50 units, resulting in a price per square foot of $205 and a price per unit of $187,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,350,000
- Address: 22-30 South Munn Avenue
- Market: East Orange
- Square Footage: 45,588
- Units: 50
- Price per Square Foot: $205
- Price per Unit: $187,000
- Buyer: AJ Shaha
- Seller: Cliff Corrall & Josh Kahr
- Broker Representatives: Adam Zweibel & Nicholas Favorito - Hudson Atlantic Realty
AJ Shaha is the buyer in this transaction, while the sellers, Cliff Corrall and Josh Kahr, facilitated the deal. It was brokered by Adam Zweibel and Nicholas Favorito from Hudson Atlantic Realty, representing the interests of the buyer and seller in this multifamily real estate transaction.
Players
East Orange 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
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93