Updated Dec 19, 2023
Realmart Realty Acquires Multifamily Property In Millburn Twp., NJ For $1.4M
24 Blaine Street, Millburn, NJ 07041
$1,399,999
$70/SF
Building Size
19,998 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
About this deal
AI
Located at 24 Blaine St in Millburn Twp., NJ, this multifamily property was recently sold in a closed transaction. The sale took place on July 15, 2021, with a sale price of $1,399,999. The property features multiple residential units, making it an attractive investment opportunity in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,399,999
- Address: 24 Blaine St, Millburn Twp., NJ
- Market: Millburn Twp., NJ
The buyer was represented by Zhe Wang from Realmart Realty, while the seller was represented by Rosa Tarantino from Weichert Realtors. These professionals played a crucial role in facilitating the successful transaction, bringing together the buyer and seller to finalize the deal.
Players
Millburn 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93