Updated Sep 9, 2024
Keller Williams Acquires Multifamily Property In Nutley For $1.3M
16 Ernest Street
$1,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2023
About this deal
AI
A multifamily property located at 16 Ernest Street in Nutley was involved in a real estate transaction on August 28, 2023. The property was sold for a price of $1,300,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 16 Ernest Street
- Market: Nutley
Susan Bai of Keller Williams Village Square Realty represented the buyer in the transaction. Adam A. Kujalowicz of RE/MAX represented the seller.
Please Note: This transaction took place on August 28, 2023 and involved a multifamily property located at 16 Ernest Street in Nutley. The buyer was represented by Susan Bai of Keller Williams Village Square Realty, while the seller was represented by Adam A. Kujalowicz of RE/MAX.
Players
Aberdeen 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93