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144 Magnolia Avenue

Updated Dec 4, 2024

Linda Kwakyewaa Closes $1.2M Multifamily Sale In Elizabeth
SOLDMultiFamily

Linda Kwakyewaa Closes $1.2M Multifamily Sale In Elizabeth

144 Magnolia Avenue

$1,207,500

Building Size

Asset Type

MultiFamily

Closing

Jul 3, 2024

About this deal

AI

Located at 144 Magnolia Avenue in Elizabeth, a multifamily property was recently sold for $1.2 million. The transaction was successfully facilitated by Sammy Ibrahim of TES Realty Group, Inc, and brokered by Linda Kwakyewaa of Coldwell Banker.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,207,500
  • Address: 144 Magnolia Avenue
  • Market: Elizabeth
  • Buyer's Rep: Linda Kwakyewaa - Coldwell Banker
  • Seller's Rep: Sammy Ibrahim - TES Realty Group, Inc & Sam Ramadan - SNF Property Group

The deal's key individuals include Linda Kwakyewaa of Coldwell Banker, who represented the buyer, and Sammy Ibrahim of TES Realty Group, Inc, along with Sam Ramadan of SNF Property Group, who represented the seller. Their expertise and negotiation skills played a crucial role in finalizing the transaction.

Players

Sammy Ibrahim

TES Realty Group

Broker

$1.2M

vol

1 deal

Broker

Elizabethport 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

13.14%

Cash-on-Cash

-3.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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