Coccia Realty Better Homes & Gardens/Lyndhurst Acquires Multi-Family Asset In Haledon For $1.1M
SOLD
$1,100,000
New Jersey
See Similar DealsMultiFamily7,086 SF
Sold 01/21/2021
SOLD
Coccia Realty Better Homes & Gardens/Lyndhurst Acquires Multi-Family Asset In Haledon For $1.1M
23 Pompton Rd, Haledon, NJ, USA
See Similar DealsMultiFamily7,086 SF
Sold 01/21/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$155
Total Square Footage:7,086 SF
Transaction Type:Sale
A multifamily property located at 23 Pompton Rd in Haledon has been sold for $1,100,000. The transaction took place on January 21, 2021. The property is situated in the market of Haledon.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 23 Pompton Rd
- Market: Haledon
The sale was facilitated by Kathleen Savino and Calliopi Pelidis from Coccia Realty Better Homes & Gardens/Lyndhurst. They served as the brokers representing the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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