facebook
Traded Co logo
Submit

JMichaels Realty Acquires Multifamily Property In Wanaque, NJ For $1.365M

Property Image
SOLD
$1,365,000

New Jersey

See Similar Deals
MultiFamily5,000 SF
Sold 03/17/2021
the dealplayerscompscontact
Property Image
SOLD

JMichaels Realty Acquires Multifamily Property In Wanaque, NJ For $1.365M

1115 Ringwood Avenue, Wanaque, Haskell, NJ, USA

See Similar Deals
MultiFamily5,000 SF
Sold 03/17/2021
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:5,000 SF
Transaction Type:Sale

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.

Players

Maurice Assia
Maurice Assia
2 deals$1.4M volume
BROKER

Details

SOLD
IMAGE: Maurice Assia DATE: 03/17/2021 ADDRESS: 1115 Ringwood Ave MARKET: Wanaque, NJ ASSET TYPE: Multifamily BROKER: Maurice Assia - JMichaels Realty, Oradell PRICE: $1,365,000 UNITS: 5 ~ PPU: $273,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,799.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,849.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,470.80
Annual Debt Service$77,649.56