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Katarzyna Rozmus Of New Jersey Homes & Estates Represents Buyer In $1.23M Bloomfield Multifamily Sale
SOLD
$1,230,000
New Jersey
See Similar DealsMultiFamily
Sold 10/18/2024
SOLD
Katarzyna Rozmus Of New Jersey Homes & Estates Represents Buyer In $1.23M Bloomfield Multifamily Sale
117-119 Myrtle Street
See Similar DealsMultiFamily
Sold 10/18/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,369.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,830.83
Annual Debt Service$69,969.93
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