Updated Oct 28, 2024
DFS LLC Acquires Multifamily Property In Montague, NJ For $2M
207 Old Chimney Ridge Road, Montague Township, New Jersey 07827, United States
$2,000,000
$166/SF
Building Size
12,040 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
About this deal
AI
The multifamily property located at 207 Old Chimney Ridge Rd and 254 Clove Rd in Montague, NJ has been sold for $2,000,000. The property consists of 20 units with a price per unit of $100,000. It spans across 12,040 square feet, resulting in a price per square foot of $166.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 20
- Price Per Unit: $100,000
- Total Square Feet: 12,040
- Price Per Square Foot: $166
- Address: 207 Old Chimney Ridge Rd & 254 Clove Rd, Montague, NJ
The buyer of the property is DFS LLC, represented by Filipe Santos and David Brodsky. The seller is Anthony Scandariato. The broker involved in the transaction is Marc Weitz from Fairclough Realtors.
DFS LLC, actively looking to expand its portfolio, can be contacted via email at [email protected] for any potential opportunities.
Players
Montague Township 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93