64 Union LLC Acquires 18-Unit Multifamily In Franklin Park, NJ For $2.8M
SOLD
$2,832,500
New Jersey
See Similar DealsMultiFamily12,150 SF
Sold 08/06/2020
SOLD
64 Union LLC Acquires 18-Unit Multifamily In Franklin Park, NJ For $2.8M
18 Delar Parkway, Franklin Park, NJ 08823, USA
See Similar DealsMultiFamily12,150 SF
Sold 08/06/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:12,150 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,063.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,427.50
Annual Debt Service$161,129.94
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