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
Newark MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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