Updated Jan 24, 2025
Berkadia Brokers Sale Of Elizabeth Multifamily Property For $3 Million With 23 Units
$3,000,000
$150/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
Jan 15, 2025
About this deal
AI
The asset involved in the transaction is a multifamily property located in Elizabeth, featuring 23 units across 20,000 square feet. The sale price of the property was $3,000,000, with a price per square foot calculated at $150.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Square Footage: 20,000
- Price per Square Foot: $150
- Units: 23
The transaction was facilitated by brokers Nat Gambuzza, Trevor Fiebel, and Nick Balancia, representing Berkadia in the deal.
Berkadia Brokers Sale Of Elizabeth Multifamily Property For $3 Million With 23 Units is logged as a multifamily sale on Traded (2025). The building is 20,000 square feet, implying about 150 per square foot on the published price. Trevor Fiebel, Nat Gambuzza, Nick Balancia, Berkadia appear on the sale alongside Berkadia. This page is the market file for the Berkadia Brokers Sale Of Elizabeth Multifamily Property For $3 Million With 23 Units multifamily sold: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this Berkadia Brokers Sale Of Elizabeth Multifamily Property For $3 Million With 23 Units sale when underwriting similar multifamily product.
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Market MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93