Updated Oct 28, 2024
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
About this deal
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.
On the Map
$2,832,500
$233/SF
MultiFamily
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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