Cori Ziman Acquires 18-Unit Multifamily In Englishtown For $2.6M
SOLD
$2,600,000
Razavi Khorasan
See Similar DealsMultiFamily21,617 SF
Sold 04/11/2023
SOLD
Cori Ziman Acquires 18-Unit Multifamily In Englishtown For $2.6M
Center & Dey Street
See Similar DealsMultiFamily21,617 SF
Sold 04/11/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$120
Total Square Footage:21,617 SF
Transaction Type:Sale
A multifamily property located at 10 Center St in Englishtown, NJ has been sold for a total price of $2,600,000. The property consists of 18 units, with a price per unit of $144,444. The total square footage of the property is 21,617, resulting in a price per square foot of $120.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Units: 18
- Price per Unit: $144,444
- Square Footage: 21,617
- Price per Square Foot: $120
- Address: 10 Center St, Englishtown, NJ
The buyer of the property is Cori Ziman, while the seller is Mark Degiacomo. The deal was facilitated by Adam Zweibel and Dante Fusaro from Hudson Atlantic Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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