facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

1005 Trenton Avenue

Multifamily Property At 1005 Trenton Avenue Sold For $3.5M With Broker Daniel Lanni
SOLDMultiFamily

Multifamily Property At 1005 Trenton Avenue Sold For $3.5M With Broker Daniel Lanni

1005 Trenton Avenue

$3,500,000

$140/SF

Building Size

25,000 SF

Asset Type

MultiFamily

Closing

Sep 18, 2024

AI

The asset involved in this transaction is a multifamily property located at 1005 Trenton Avenue in Point Pleasant Boro. The sale was finalized for a price of $3,500,000, which translates to a per unit price of $350,000 across a total of 10 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Units: 10
  • Price Per Unit: $350,000
  • Date of Sale: 09/18/2024
  • Broker: Daniel Lanni - Kislak

Daniel Lanni from Kislak represented the transaction, participating in the successful closing of this multifamily property sale. This transaction showcases the efforts of the brokerage in facilitating deals in the Point Pleasant Boro market.

Players

Daniel Lanni

Kislak

Broker

$182.6M

vol

36 deals

Broker

Point Pleasant Boro 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93