Nuray Yurt Acquires Multifamily Property In Montclair, NJ With $937,500 Loan From Connect One Bank
FINANCED
$937,500
New Jersey
See Similar DealsMultiFamily4,560 SF
Financed 04/07/2022
FINANCED
Nuray Yurt Acquires Multifamily Property In Montclair, NJ With $937,500 Loan From Connect One Bank
115 Maple Avenue, Montclair, New Jersey 07042, United States
See Similar DealsMultiFamily4,560 SF
Financed 04/07/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$205
Total Square Footage:4,560 SF
Transaction Type:Loan
The multifamily property located at 115 Maple Avenue in Montclair, NJ has been involved in a recent transaction. This property spans approximately 4,560 square feet and consists of 6 units. The transaction took place on 04/07/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $937,500
- Address: 115 Maple Avenue
- Market: Montclair, NJ
- Square Footage: 4,560
- Number of Units: 6
Nuray Yurt is the landlord of this property. The loan for the acquisition was provided by Connect One Bank. The loan amount is $937,500. The broker representing the transaction is Gabby Cali from Progress Capital.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$937,500.00
Monthly NOI$6,250.00
Monthly Debt Service$5,925.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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