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Razavi Khorasan

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Multifamily

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Center & Dey Street

Cori Ziman Acquires 18-Unit Multifamily In Englishtown For $2.6M
SOLDMultiFamily

Cori Ziman Acquires 18-Unit Multifamily In Englishtown For $2.6M

Center & Dey Street

$2,600,000

$120/SF

Building Size

21,617 SF

Asset Type

MultiFamily

Closing

Apr 11, 2023

AI

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.

Players

Adam Zweibel

Hudson Atlantic Realty

Broker

$404.6M

vol

27 deals

Broker

Mashhad MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93