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210 Huber Street, Secaucus,...

Updated Dec 21, 2023

Multifamily In Secaucus Sells For $1.1M With Filiberto Ramos & Michael Gonnelli - RE/MAX Infinity
SOLDMultiFamily

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

Filiberto Ramos

Re/Max

Broker

$1.1M

vol

1 deal

Broker

Secaucus MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $275K per unit across 4 units on a published $1.1M (2022).

Visit Michael Gonnelli to view all their deals.

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

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