Updated Sep 9, 2024
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
Units
20
Asset Type
Package Deal
Closing
Aug 7, 2023
About this deal
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.
On the Map
$4,120,000
Package Deal
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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