Updated Sep 9, 2024
Prestige Properties Group Represents Sale Of Edgewater Multifamily For $1.8M
1488 River Rd, Edgewater, New Jersey 07020, United States
$1,800,000
$360/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Feb 11, 2022
About this deal
AI
A multifamily property located at 1488 River Rd. in Edgewater, NJ was recently sold for a sale price of $1,800,000. The property spans a total square footage of 5,000, resulting in a price per square foot of $360. The transaction took place on 02/12/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 1488 River Rd. Edgewater NJ
The sale was managed by Kyle Klaus and Nicole Velasquez of Prestige Properties Group, representing both the buyer and the seller. No additional information is available regarding the property or the parties involved.
Players
Edgewater 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93