Updated Dec 21, 2023
Multifamily In Edgewater, NJ Sold For $1.6M By Julian Bargo & Elina Policastro
170 Undercliff Avenue, Edgewater, NJ 07020, USA
$1,600,000
$727/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
About this deal
AI
Located in Edgewater, NJ, the multifamily property at 170 Undercliff Ave has been sold in a recent transaction. The sale was facilitated by Julian Bargo & Elina Policastro, representing Prominent Properties Sotheby's International Realty. The transaction took place on 06/01/2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,600,000
- Address: 170 Undercliff Ave
- Market: Edgewater, NJ
The property's sale price reached $1,600,000. Julian Bargo & Elina Policastro from Prominent Properties Sotheby's International Realty played a vital role in the deal as the brokers representing the involved parties. This transaction demonstrates their expertise and ability to successfully handle multifamily property sales in the Edgewater market.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93