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Michael N. Todaro Of Michael Properties/Golden Image Realty Acquires Multifamily Property In Carlstadt For $900K

Property Image
SOLD
$900,000
Carol Ann Pareti
Michael Todaro

New Jersey

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Sold 09/08/2022
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Property Image
SOLD

Michael N. Todaro Of Michael Properties/Golden Image Realty Acquires Multifamily Property In Carlstadt For $900K

437 Hoboken Road

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Sold 09/08/2022
Carol Ann Pareti
Michael Todaro
the dealplayerscompscontact
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Summary

NEW JERSEY
Transaction Type:Sale

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

Michael Todaro
Serhant
Michael Todaro
13 deals$26.3M volume(201) 760-1700
BROKER
Carol Ann Pareti
Century 21
Carol Ann Pareti
1 deal$900K volume
BROKER

Details

SOLD
IMAGE: Michael N. Todaro DATE: 09/08/2022 ADDRESS: 437 Hoboken Rd MARKET: Carlstadt ASSET TYPE: Multifamily BUYER'S REP: Michael N. Todaro (@yourrealestateagent) - Michael Properties/Golden Image Realty (@yourpropertybroker) SELLER'S REP: Carol Ann Pareti - C21 Semiao & Associates SALE PRICE: $900,000 UNITS: 4 ~ PPU: $225,000 SF: 3,320 ~ PPSF: $271

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$48,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51