Updated Dec 19, 2023
Judith MacLennan & Carlos Tome Represent $1.1M Sale Of Clifton, NJ Multifamily Property
102 Lakeview Avenue, Clifton, NJ, USA
$1,100,000
$275/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
Located at 102 Lakeview Ave in Clifton, NJ, this multifamily property was recently sold in a closed transaction. The sale took place on November 10, 2021, with a sale price of $1,100,000. The property consists of 6 units, making the price per unit (PPU) $183,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 6
- Price per Unit (PPU): $183,333
Judith MacLennan from Coldwell Banker represented the buyer in this transaction, while Carlos Tome from Century 21 All County represented the seller. These experienced brokers played a crucial role in facilitating the deal, ensuring a successful transaction for both parties involved.
Players
Clifton 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