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Barri Plawker & Elainie Dimoudis Of Howard Hanna Rand Realty Represent Buyer In Closter Multifamily Sale For $1.075M
SOLD
$1,075,000
New Jersey
See Similar DealsMultiFamily4,144 SF
Sold 08/09/2024
SOLD
Barri Plawker & Elainie Dimoudis Of Howard Hanna Rand Realty Represent Buyer In Closter Multifamily Sale For $1.075M
137 Closter Dock Road
See Similar DealsMultiFamily4,144 SF
Sold 08/09/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:4,144 SF
Transaction Type:Sale
A Victorian Colonial multi-family residence at 137 Closter Dock Road in Closter sold for $1.075 million. The property spans 4,144 square feet and is priced at $259 per square foot. It offers historic charm and modern updates, with potential for conversion into a large single-family home.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Square Footage: 4,144
- Price per Square Foot: $259
- Acres: 0.45
- Buyer's Representative: Barri Plawker & Elainie Dimoudis - Howard Hanna Rand Realty
- Seller's Representative: Miriam Lambert - Christie's International Real Estate
- Date of Sale: 08/09/2024
- Market: Closter
The transaction involved Barri Plawker and Elainie Dimoudis representing the buyer, while Miriam Lambert represented the seller. Their respective agencies are Howard Hanna Rand Realty and Christie's International Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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