Updated Dec 19, 2023
Coccia Realty Better Homes & Gardens Sells 9-Unit Multifamily In Newark For $1.3M
229-231 Clifton Ave, Newark, NJ, USA
$1,325,000
$237/SF
Building Size
5,580 SF
Asset Type
MultiFamily
Closing
Mar 7, 2021
About this deal
AI
The multifamily property located at 229-231 Clifton Ave in Newark has been sold for $1,325,000. The transaction took place on 03/08/2021. The property consists of 9 units, resulting in a price per unit of $147,222. Guillaume DaSilva of Coccia Realty Better Homes & Gardens represented the buyer and seller in this deal.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Units: 9
- Price Per Unit: $147,222
- Broker: Guillaume DaSilva - Coccia Realty Better Homes & Gardens
Guillaume DaSilva of Coccia Realty Better Homes & Gardens played a key role in facilitating the sale of the property located at 229-231 Clifton Ave in Newark. With expertise in the real estate market, Guillaume DaSilva ensured a successful transaction for both the buyer and seller.
Players
Newark 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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93