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Cliffside Park Multifamily Sold For $1.4M With Buyer's Rep Sherif Fanous
SOLD
$1,400,000
New Jersey
See Similar DealsMultiFamily
Sold 12/29/2023
SOLD
Cliffside Park Multifamily Sold For $1.4M With Buyer's Rep Sherif Fanous
211 Delia Lane
See Similar DealsMultiFamily
Sold 12/29/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
211 Delia Lane in Cliffside Park is a multifamily property consisting of 4 units. The property has recently been sold for $1,400,000, with a per-unit price of $350,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 211 Delia Lane
- Market: Cliffside Park
- Units: 4
- Price Per Unit: $350,000
The transaction was facilitated by Sherif Fanous of RE/MAX Villa, Realtors as the broker representing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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