facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Co Op

/

Sale

/

60 Terrace Road, Wayne, New...

Georg Bachour & Lina G Fransis Acquire Other Residential Property In Wayne For $1.34M
SOLDCo-Op

Georg Bachour & Lina G Fransis Acquire Other Residential Property In Wayne For $1.34M

60 Terrace Road, Wayne, New Jersey 07470, United States

$1,340,000

$297/SF

Building Size

4,502 SF

Asset Type

Co-Op

Closing

Aug 31, 2022

AI

The property asset involved in this transaction is located at 60 Terrace Rd, Wayne. It is classified as Other Residential and has a total square footage of 4,502. The transaction occurred for a price of $1,340,000, resulting in a price per square foot of $297.

Summary of transaction details:

  • Property Type: Other Residential
  • Transaction Amount: $1,340,000
  • Address: 60 Terrace Rd
  • Market: Wayne
  • Square Footage: 4,502
  • Price Per Square Foot: $297
  • Buyer: Georg Bachour & Lina G Fransis
  • Seller: Edward J Kloss, Maria E M Simone, Joseph Simone & Maria E Misito

The transaction involved Georg Bachour and Lina G Fransis as the buyers and Edward J Kloss, Maria E M Simone, Joseph Simone, and Maria E Misito as the sellers. Each party was represented by their respective teams, facilitating the completion of the deal.

Players

Joseph Simone

Simone Development Companies

Broker

$243M

vol

12 deals

Broker
Joseph Simone

Joseph Simone

Simone Development Companies

Seller

$243M

vol

12 deals

Seller

Wayne Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.84%

Cash-on-Cash

-3.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93