Updated Dec 21, 2023
Multifamily In Secaucus Sells For $1.1M With Filiberto Ramos & Michael Gonnelli - RE/MAX Infinity
210 Huber Street, Secaucus, New Jersey 07094, United States
$1,100,000
Units
4
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
A multifamily property located at 210 Huber St in Secaucus was recently sold in a transaction handled by Filiberto Ramos and Michael Gonnelli of RE/MAX Infinity. The property consists of 4 units and was sold for a total price of $1,100,000, resulting in a price per unit of $275,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 210 Huber St
- Market: Secaucus
- Brokers: Filiberto Ramos & Michael Gonnelli - RE/MAX Infinity
- Units: 4
- Price per Unit: $275,000
This successful sale was facilitated by Filiberto Ramos and Michael Gonnelli, who represented the buyer and seller in the transaction. The property's convenient location in Secaucus and the presence of 4 well-maintained units made it an attractive investment opportunity. Both parties involved can benefit from this transaction, contributing to the overall growth and development of the local real estate market.
Players
Secaucus 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93