Kislak Brokers Complete $4.1M Package Deal In Elizabeth With Don Baxter And Michael Salomon
126 1st St Elizabeth, NJ 07206, USA
$4,120,000
Building Size
—
Asset Type
Package Deal
Closing
Aug 7, 2023
AI
The package deal for the properties located at 126 1st Street and 70-72 Livingston Street in Elizabeth has been finalized. The transaction, which took place on 08/07/2023, involved the sale of a total of 20 units. The sale price for the package deal amounted to $4,120,000, resulting in a per unit price of $206,000.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $4,120,000
- Address: 126 1st Street & 70-72 Livingston Street, Elizabeth
- Market: Elizabeth
- Brokers: Don Baxter, Michael Salomon, Joni Sweetwood - Kislak
Leading the transaction were brokers Don Baxter, Michael Salomon, and Joni Sweetwood of Kislak Realty. Their expertise and representation were instrumental in facilitating the deal.
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93