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
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.
Players
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