Updated Dec 20, 2023
Proper Estates Acquires Multifamily Property In Bergenfield For $1.1M
10 Hallberg Avenue, Bergenfield, New Jersey 07621, United States
$1,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
Kimberly H. Yun of Prominent Properties Sotheby's International Realty represented the seller in the sale of a multifamily property located at 10 Hallberg Ave in Bergenfield. The transaction took place on April 22, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,100,000
- Market: Bergenfield
- Buyer's Representative: Brian S. Kim & Eun Kyung Hwang - Proper Estates, Inc.
- Seller's Representative: Kimberly H. Yun - Prominent Properties Sotheby's International Realty
The property at 10 Hallberg Ave in Bergenfield was sold for $1,100,000. Brian S. Kim and Eun Kyung Hwang of Proper Estates, Inc. represented the buyer in the transaction, while Kimberly H. Yun of Prominent Properties Sotheby's International Realty acted as the seller's representative.
On the Map
$1,100,000
MultiFamily
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Players
Bergenfield 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93