Kislak Brokers Complete $4.1M Package Deal In Elizabeth With Don Baxter And Michael Salomon
SOLD
$4,120,000
New Jersey
See Similar DealsPackage Deal
Sold 08/07/2023
SOLD
Kislak Brokers Complete $4.1M Package Deal In Elizabeth With Don Baxter And Michael Salomon
126 1st St Elizabeth, NJ 07206, USA
See Similar DealsPackage Deal
Sold 08/07/2023
Summary
NEW JERSEY
Asset Type:Package Deal
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$219,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,637.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,530.90
Annual Debt Service$234,370.82
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