Updated Dec 21, 2023
Realty One Group Legend Acquires Multifamily Property In East Rutherford For $1.116M
15 Boiling Springs Avenue, East Rutherford, New Jersey 07073, United States
$1,116,000
$206/SF
Building Size
5,401 SF
Asset Type
MultiFamily
Closing
Feb 21, 2022
About this deal
AI
A multifamily property located at 15 Boiling Springs Ave in East Rutherford has been sold for a total price of $1,116,000. The property features multiple residential units and is situated in a highly sought-after market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,116,000
- Address: 15 Boiling Springs Ave, East Rutherford
- Market: East Rutherford
Luis Martinez from Realty One Group Legend, Clifton represented the buyer in this transaction, while Olivia Schettino from Kurgan-Bergen Realtors served as the seller's representative.
Players
East Rutherford 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
14.21%
Cash-on-Cash
-4.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93