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Carpenter Terrace South

Tom Scatuorchio & Matt Weilheimer Of Kislak Represent Sale Of Belleville Multifamily For $4.7M
SOLDMultiFamily

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

Tom Scatuorchio

Kislak

Broker

$92.6M

vol

16 deals

Broker

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