Updated Dec 4, 2024
Katarzyna Rozmus Of New Jersey Homes & Estates Represents Buyer In $1.23M Bloomfield Multifamily Sale
117-119 Myrtle Street
$1,230,000
Units
6
Asset Type
MultiFamily
Closing
Oct 18, 2024
About this deal
AI
A 6-unit apartment building located at 117-119 Myrtle Street in Bloomfield has been sold. The sale price was $1,230,000, which translates to $205,000 per unit. Each apartment consists of 3 bedrooms and 1 bathroom, and the property features 8 parking spaces.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,230,000
- Units: 6
- Price Per Unit: $205,000
- Buyer's Representative: Katarzyna Rozmus - New Jersey Homes & Estates
- Seller's Representative: Kirollos Nasralah - EXP Realty
Katarzyna Rozmus represented the buyer in this transaction, providing expertise in navigating the multifamily market. Kirollos Nasralah acted on behalf of the seller, facilitating the sale process and ensuring a successful closing.
Players
Bloomfield 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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93