Updated Dec 20, 2023
Marcus & Millichap Facilitates $3.5M Sale Of Highland Park Portfolio
Highland Park, NJ, USA
$3,500,000
Units
28
Asset Type
MultiFamily
Closing
Dec 21, 2021
About this deal
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.
On the Map
$3,500,000
MultiFamily
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Players
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