Michael N. Todaro Of Michael Properties/Golden Image Realty Acquires Multifamily Property In Carlstadt For $900K
437 Hoboken Road
$900,000
Building Size
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Asset Type
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Closing
Sep 8, 2022
AI
The property asset involved in this transaction is a multifamily building located at 437 Hoboken Rd, Carlstadt. The sale price for this asset was $900,000, encompassing a total of 3,320 square feet and yielding four units, which translates to a price per unit of $225,000 and a price per square foot of $271.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $900,000
- Units: 4
- Square Footage: 3,320
- Price Per Unit: $225,000
- Price Per Square Foot: $271
- Buyer's Representative: Michael N. Todaro - Michael Properties/Golden Image Realty
- Seller's Representative: Carol Ann Pareti - C21 Semiao & Associates
This transaction involved key representatives in the real estate industry. Michael N. Todaro of Michael Properties/Golden Image Realty represented the buyer, while the seller was represented by Carol Ann Pareti from C21 Semiao & Associates, highlighting the involvement of experienced professionals in the closing of this deal.
Players
East Rutherford CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93