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

Property Image
SOLD
$1,340,000

New Jersey

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Co-Op4,502 SF
Sold 09/01/2022
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Property Image
SOLD

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

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

See Similar Deals
Co-Op4,502 SF
Sold 09/01/2022
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Co-Op
Price Per Square Foot:$297
Total Square Footage:4,502 SF
Transaction Type:Sale

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
Joseph Simone
11 deals$239.5M volume
BROKER
Joseph Simone
Simone Development Companies
Joseph Simone
11 deals$239.5M volume
SELLER

Details

SOLD
IMAGE: 09/01/2022 ADDRESS: 60 Terrace Rd MARKET: , Wayne ASSET TYPE: Other Residential BUYER: Georg Bachour & Lina G Fransis SELLER: Edward J Kloss, Maria E M Simone, Joseph Simone & Maria E Misito PRICE: $1,340,000 SF: 4,502 ~ PPSF: $297

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

$71,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,760.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,352.28
Annual Debt Service$76,227.40