Barry Waisbrod Of Kislak Represents Sale Of Multifamily Asset For $33.6M In Mount Holly
SOLD
$33,600,000
New Jersey
See Similar DealsMultiFamily25,000 SF
Sold 11/15/2024
SOLD
Barry Waisbrod Of Kislak Represents Sale Of Multifamily Asset For $33.6M In Mount Holly
1 Foundry Boulevard
See Similar DealsMultiFamily25,000 SF
Sold 11/15/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,344
Total Square Footage:25,000 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 1 Foundry Boulevard in Mount Holly. The sale price for this asset was $33,600,000, which translates to approximately $311,111 per unit. The total number of units within the property is 108.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,600,000
- Units: 108
- Price Per Unit: $311,111
- Market: Mount Holly
- Date of Sale: 11/15/2024
- Broker: Barry Waisbrod - Kislak
This transaction was represented by Barry Waisbrod of Kislak, acting in the capacity of broker for the deal. The representation facilitated the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,792,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$119,373.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,281.14
Annual Debt Service$1,911,373.70
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