Updated Dec 20, 2023
Julienne Pape Of Marcus & Millichap Sells Montclair Multifamily For $1.75M
11 Elm Street, Montclair, NJ 07042, USA
$1,750,000
$585/SF
Building Size
2,990 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
About this deal
AI
A multifamily property located at 11 Elm St in Montclair was recently sold for a total of $1,750,000. The property consists of 14 units, resulting in a price per unit of $125,000. The transaction took place on November 16, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,750,000
- Units: 14
- Price Per Unit: $125,000
The sale of this property was facilitated by Julienne Pape from Marcus & Millichap. Julienne Pape acted as the broker in the transaction, representing the buyer and/or seller involved in 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93