Updated Dec 30, 2024
Steven Quach Acquires Multifamily Asset From Christopher Hilbert In Montclair For $3.55M
10325 Lehigh Avenue
$3,550,000
$279/SF
Building Size
12,701 SF
Asset Type
MultiFamily
Closing
Dec 26, 2024
About this deal
AI
This multifamily property located at 10325 Lehigh Avenue in the Montclair market consists of 13 units and spans a total square footage of 12,701. The property was sold for $3,550,000, resulting in a price per unit of $273,077 and a price per square foot of $279.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Units: 13
- Square Footage: 12,701
- Price Per Unit: $273,077
- Price Per Square Foot: $279
- Buyer: Steven Quach
- Seller: Christopher Hilbert
- Brokers: Justino L. Fa’aola & Eric Chen - CBRE
In this transaction, brokers Justino L. Fa’aola and Eric Chen represented the parties involved in the sale. The transaction took place on December 26, 2024, encapsulating the dynamics of the market at that time.
On the Map
$3,550,000
$279/SF
MultiFamily
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Players
Montclair MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93