Proper Estates Acquires Multifamily Property In Bergenfield For $1.1M
SOLD
$1,100,000
New Jersey
See Similar DealsMultiFamily
Sold 04/22/2022
SOLD
Proper Estates Acquires Multifamily Property In Bergenfield For $1.1M
10 Hallberg Avenue, Bergenfield, New Jersey 07621, United States
See Similar DealsMultiFamily
Sold 04/22/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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