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Highland Park, NJ, USA

Marcus & Millichap Facilitates $3.5M Sale Of Highland Park Portfolio
SOLDMultiFamily

Marcus & Millichap Facilitates $3.5M Sale Of Highland Park Portfolio

Highland Park, NJ, USA

$3,500,000

Building Size

Asset Type

MultiFamily

Closing

Dec 21, 2021

AI

Chez Eider, Jonathan Zamora, and Joseph Belgiovine were involved in a recent sale transaction in Highland Park. The property in question is part of the Highland Park Portfolio, located in Highland Park. It is classified as a multifamily asset with a total of 20 units. The sale price for the property was $3,500,000, resulting in an average price per unit (PPU) of $175,000. Joseph Belgiovine played a key role in arranging the financing for this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Units: 20
  • Price Per Unit (PPU): $175,000
  • Brokers: Jonathan Zamora, Chez Eider - Marcus & Millichap

This transaction demonstrates the successful collaboration between Chez Eider, Jonathan Zamora, and Joseph Belgiovine. Their expertise and involvement resulted in the successful sale of this multifamily asset in Highland Park.

Players

Jonathan Zamora

Marcus & Millichap

Broker

$76.4M

vol

24 deals

Broker

Highland 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93