64 Union LLC Acquires 18-Unit Multifamily In Franklin Park, NJ For $2.8M
18 Delar Parkway, Franklin Park, NJ 08823, USA
$2,832,500
$233/SF
Building Size
12,150 SF
Asset Type
MultiFamily
Closing
Aug 6, 2020
AI
A multifamily property located at 18 Delar Pky in Franklin Park, NJ has been sold. The property, known as Delar Woods, consists of 18 units. The transaction took place on 08/06/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,832,500
- Address: 18 Delar Pky, Franklin Park, NJ
- Market: Franklin Park, NJ
- Buyer: 64 Union LLC
- Seller: SBT Properties
- Brokers: Jonathan Zamora & Chez Eider
- Units: 18
- Price Per Unit (PPU): $157,361
The buyer of Delar Woods is 64 Union LLC, while the seller is SBT Properties. The deal was facilitated by brokers Jonathan Zamora and Chez Eider.
Players
Franklin Park 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
5.60%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93