Updated Dec 4, 2024
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
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