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:
- Property Type: MultiFamily
- Transaction Amount: $2,080,000.00
- Address: 222 Walker St
- Market: Cliffside Park
- Square Footage: 8,250.0
- Buyer: Arden Tarcipyan
- Seller: Frank Basilio
- Broker: Steven Matovski - Redwood Realty Advisors
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
Cliffside Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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