Updated Dec 21, 2023
Weichert Realtors Sells Multifamily Property On 108 Elm St In Montclair For $1.675M
108 Elm Street, Montclair, New Jersey 07042, United States
$1,675,000
$318/SF
Building Size
5,264 SF
Asset Type
MultiFamily
Closing
Feb 24, 2022
About this deal
AI
108 Elm St, located in Montclair, was recently sold in a closed transaction. The multifamily property consists of 5 units, with a sale price of $1,675,000. This translates to a price per unit (PPU) of $335,000. The total square footage of the property is 5,264, resulting in a price per square foot (PPSF) of $318.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,675,000
- Units: 5
- Price per Unit (PPU): $335,000
- Square Footage: 5,264
- Price per Square Foot (PPSF): $318
Tanya Bryson from Weichert Realtors represented the seller/buyer in this transaction. Their expertise and knowledge of the market contributed to the successful completion of the deal.
Players
Montclair 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93