Updated Sep 9, 2024
Generation IV Real Estate Acquires Multifamily Property In Maywood, NJ For $1.12M
240 Prospect Avenue, Maywood, NJ, USA
$1,120,000
$420/SF
Building Size
2,666 SF
Asset Type
MultiFamily
Closing
Aug 16, 2021
About this deal
AI
A multifamily property located at 240 Prospect Ave in Maywood, NJ has been sold for a total price of $1,120,000. The property consists of 7 units, resulting in a price per unit of $160,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Address: 240 Prospect Ave, Maywood, NJ
- Units: 7
- Price Per Unit: $160,000
The buyer's representative in this transaction was Jason Koziol from Generation IV Real Estate, while the seller's representative was Michael Cervelli from Michael Cervelli Real Estate.
On the Map
$1,120,000
$420/SF
MultiFamily
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Players
Maywood 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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93