Updated Dec 21, 2023
North Jersey Workforce Housing Portfolio Sold For $22.9M Multifamily Apartments In Irvington
2-10 Wagner Place, Irvington, NJ, USA
$22,962,000
$798/SF
Building Size
28,750 SF
Asset Type
MultiFamily
Closing
Jun 8, 2020
About this deal
AI
The North Jersey Workforce Housing Portfolio, located at 2-10 Wagner Place in Irvington, NJ, has been sold for a total price of $22,962,000. This multifamily asset consists of 189 units spread across seven buildings, with an average price per unit (PPU) of $121,492.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $22,962,000
- Address: 2-10 Wagner Place, Irvington, NJ
The deal was facilitated by brokers Richard Gatto, Fahri Ozturk, and Jed Matricaria. They represented the parties involved in the transaction.
Players
Irvington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jed Matricaria to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93