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137 Parker Street, Newark, ...

Diane Rivera Represents Both Buyer And Seller In $960K Multifamily Sale, Newark
SOLDMultiFamily

Diane Rivera Represents Both Buyer And Seller In $960K Multifamily Sale, Newark

137 Parker Street, Newark, New Jersey 07104, United States

$960,000

$160/SF

Building Size

6,000 SF

Asset Type

MultiFamily

Closing

Jun 9, 2022

AI

The multifamily property located at 137 Parker St in Newark has been sold in a recent transaction. The sale was facilitated by broker Diane Rivera from Century 21 Preferred Realty. The property consists of 6 units, with a total square footage of 6,000. The sale price for the property was $960,000, resulting in a per unit price of $160,000 and a price per square foot of $160.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $960,000
  • Address: 137 Parker St
  • Market: Newark

In this transaction, Diane Rivera from Century 21 Preferred Realty represented both the seller and the buyer. The sale of this 6-unit multifamily property marks a significant investment opportunity for the new owner.

Players

Diane Rivera

Century 21

Broker

$9.7M

vol

10 deals

Broker

Newark 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

16.52%

Cash-on-Cash

-4.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93