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222 Walker St

Arden Tarcipyan Acquires MultiFamily Asset At 222 Walker St For $2,080,000 From Frank Basilio
SOLDMultiFamily

Arden Tarcipyan Acquires MultiFamily Asset At 222 Walker St For $2,080,000 From Frank Basilio

222 Walker St

$2,080,000

$252/SF

Building Size

8,250 SF

Asset Type

MultiFamily

Closing

Jun 27, 2023

AI

The property asset involved in this transaction is a MultiFamily asset located at 222 Walker St, Cliffside Park. The sale price for the property was $2,080,000.00 and the total square footage is 8,250.0.

Summary of transaction details:

The transaction involved key individuals, with Arden Tarcipyan as the buyer and Frank Basilio as the seller. Steven Matovski represented the buyer in this deal through his agency, Redwood Realty Advisors.

Players

Steven Matovski

Redwood Realty Advisors

Broker

$133.8M

vol

40 deals

Broker

Arden Tarcipyan

Buyer
Buyer

Frank Basilio

Seller
Seller

Cliffside Park 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

7.63%

Cash-on-Cash

-2.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93