Tom Scatuorchio & Matt Weilheimer Of Kislak Represent Sale Of Belleville Multifamily For $4.7M
Carpenter Terrace South
$4,700,000
$188/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
May 8, 2025
AI
The property involved in this transaction is a multifamily asset located at 5-22 Carpenter Terrace in Belleville. The sale price was recorded at $4,700,000 for a total of 28 units, translating to a price per unit of $167,857.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Units: 28
- Price Per Unit: $167,857
- Address: 5-22 Carpenter Terrace
- Market: Belleville
The brokers representing the transaction were Tom Scatuorchio and Matt Weilheimer from Kislak, playing a pivotal role in facilitating this deal.
Players
Belleville 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93