Updated Sep 5, 2024
Weichert, Realtors Acquires Multifamily Property In New Providence Boro For $1.615M
10 1st Street, New Providence, New Jersey 07974, United States
$1,615,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 21, 2022
About this deal
AI
The multifamily property located at 10 1st St in New Providence Boro has been sold for $1,615,000. The transaction took place on January 21, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,615,000
- Address: 10 1st St
- Market: New Providence Boro
The buyer's representative in this sale was Donna Murphy from Weichert, Realtors, while the seller was represented by Amy Burakovsky from Keller Williams Realty.
The multifamily sale at 10 1st Street, New Providence, New Jersey 07974, United States in New Providence, New Jersey sold for $1.6M in 2022. 10 1st Street, New Providence, New Jersey 07974, United States is classified as Multifamily on Traded. Donna Murphy, Amy Burakovsky, Weichert Realtors, Keller Williams Realty appear on the sale alongside Weichert Realtors, Keller Williams Realty. This page is the New Providence, New Jersey file for the 10 1st Street, New Providence, New Jersey 07974, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New Providence sit in the Market section below. Filter that New Providence multifamily set by closing date to see what else sold near 10 1st Street, New Providence, New Jersey 07974, United States around 2022. Published consideration for 10 1st Street, New Providence, New Jersey 07974, United States is $1.6M, dated 2022. Cite this Weichert, Realtors Acquires Multifamily Property In New Providence Boro For $1.615M sale when underwriting similar multifamily product around New Providence, New Jersey.
Players
New Providence MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.82%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93