Updated Dec 19, 2023
JMichaels Realty Acquires Multifamily Property In Wanaque, NJ For $1.365M
1115 Ringwood Avenue, Wanaque, Haskell, NJ, USA
$1,365,000
$273/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Mar 16, 2021
About this deal
AI
A multifamily property located at 1115 Ringwood Ave in Wanaque, NJ has been sold for $1,365,000. The property consists of 5 units, with a price per unit of $273,000. The sale was facilitated by Maurice Assia from JMichaels Realty, Oradell.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Units: 5
- Price Per Unit: $273,000
Maurice Assia from JMichaels Realty, Oradell, served as the broker in this transaction.
The multifamily sale at 1115 Ringwood Avenue, Wanaque, Haskell, NJ, USA in Haskell, New Jersey sold for $1.4M in 2021. Reported inventory is 5,000 square feet across 5 units, or about 273 per square foot. Named participants on the 1115 Ringwood Avenue, Wanaque, Haskell, NJ, USA sale are Maurice Assia. This page is the Haskell, New Jersey file for the 1115 Ringwood Avenue, Wanaque, Haskell, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Haskell sit in the Market section below. Filter that Haskell multifamily set by closing date to see what else sold near 1115 Ringwood Avenue, Wanaque, Haskell, NJ, USA around 2021. Published consideration for 1115 Ringwood Avenue, Wanaque, Haskell, NJ, USA is $1.4M, dated 2021. Cite this JMichaels Realty Acquires Multifamily Property In Wanaque, NJ For $1.365M sale when underwriting similar multifamily product around Haskell, New Jersey.
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Haskell 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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93