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437 Hoboken Road

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

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

437 Hoboken Road

$900,000

Building Size

Asset Type

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

Michael Todaro

Serhant

Broker

$26.3M

vol

13 deals

Broker

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