SOLDPackage Deal
Joni Sweetwood Of Kislak Brokers $8.9M Package Deal In East Orange, NJ
$8,900,000
Building Size
—
Asset Type
Package Deal
Closing
Mar 5, 2024
AI
The package deal in East Orange, NJ, consisting of 61 units, was sold for $8,900,000, equating to approximately $145,902 per unit.
Summary of transation details:
- Property Type: Package Deal
- Transaction Amount: $8,900,000
- Units: 61
- Price Per Unit: $145,902
- Market: East Orange, NJ
Joni Sweetwood of Kislak represented the deal as the broker.
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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93