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Multifamily Property In Summit City Sold For $1.1M With Buyer's Rep Helene Harrison & Seller's Rep Michael Martinetti

Property Image
SOLD
$1,111,295
Helene Harrison
Michael Martinetti

New Jersey

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MultiFamily
Sold 09/18/2023
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Property Image
SOLD

Multifamily Property In Summit City Sold For $1.1M With Buyer's Rep Helene Harrison & Seller's Rep Michael Martinetti

17 Henry Street

See Similar Deals
MultiFamily
Sold 09/18/2023
Helene Harrison
Michael Martinetti
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The property at 17 Henry Street in Summit City has been sold. This property is classified as a multifamily asset. The sale price for this transaction is $1,111,295.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,111,295
  • Address: 17 Henry Street
  • Market: Summit City

Representing the buyer in this deal is Helene Harrison from Coldwell Banker. On the other hand, the seller is represented by Michael Martinetti from Keller Williams Premier Properties.

Players

Helene Harrison
Coldwell Banker
Helene Harrison
1 deal$1.1M volume(973) 714-8975
BROKER
Michael Martinetti
Keller Williams Realty
Michael Martinetti
1 deal$1.1M volume(908) 590-0236
BROKER

Details

SOLD
IMAGE: Helene Harrison & Michael Martinetti DATE: 09/18/2023 ADDRESS: 17 Henry Street MARKET: Summit City ASSET TYPE: Multifamily BUYER'S REP: Helene Harrison (@harrisonhelene) - Coldwell Banker (@cbrealtynjny) SELLER'S REP: Michael Martinetti (@michaelmartinettisellsnj) - Keller Williams Premier Properties (@kellerwilliamswestfield) SALE PRICE: $1,111,295 NOTE: The property at 17 Henry Street in Summit City, classified as multifamily, sold for $1,111,295. Helene Harrison of Coldwell Banker represented the buyer, while Michael Martinetti of Keller Williams represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$59,269.07

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,948.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,268.11
Annual Debt Service$63,217.26