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Updated over 6 years ago on . Most recent reply

Jonah Richard's profile image
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Jonah Richard
  • Developer
  • from Upper Valley, VT
  • Member since May 14, 2017
  • Posts 18
  • Votes 12
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Jonah Richard's profile image
Jonah Richard's profile image
Jonah Richard
  • Developer
  • from Upper Valley, VT
  • Member since May 14, 2017
  • Posts 18
  • Votes 12
  • Experience 8 Yrs
  • Investments 1
Connect
Jonah Richard
  • Developer
  • Upper Valley, VT
12
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18
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Newark Real Estate Forum

Anyone else using cap rates to get purchase price?

Jonah Richard
  • Developer
  • Upper Valley, VT
Posted

Any other Newark investors using cap rates to back into a purchase price when making offers on small multi-families (2-4 units)? I closed on a duplex in northern Ironbound earlier this spring at a cap rate of 7.5% (incl. of prop mgmt & capex reserves) but starting to look towards other neighborhoods, namely Upper Roseville. Curious what y'all are seeing for cap rates around town... 

Newark, New Jersey
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Russell Brazil
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Russell Brazil's profile image
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Russell Brazil
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Russell Brazil
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ModeratorReplied

FYI, capex is not a factor in a cap rate 

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