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
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.
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