Updated Sep 9, 2024
Keller Williams Realty Acquires Multifamily Property In Montclair For $1.3M
21 Central Avenue, Montclair, New Jersey 07042, United States
$1,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 10, 2022
About this deal
AI
A multifamily property located at 21 Central Ave in Montclair has been sold for a price of $1,300,000. The property, represented by Erin Crawford from Keller Williams Realty, was successfully transacted with the assistance of Sibel Oz from Prominent Properties Sotheby's International Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 21 Central Ave
- Market: Montclair
The buyer, Erin Crawford from Keller Williams Realty, played a crucial role in facilitating this transaction. On the other hand, Sibel Oz from Prominent Properties Sotheby's International Realty represented the seller throughout the process. With their expertise, the deal was successfully executed, resulting in the sale of the multifamily property.
Players
Montclair MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey multifamily sales on Traded.
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