Updated Dec 4, 2024
Edgewater Multifamily Property Sold For $1.1M With Seller's Rep Gerard Mattera Jr
25 Russell Avenue
$1,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 26, 2023
About this deal
AI
In Edgewater, a multifamily property located at 25 Russell Avenue was sold for $1,100,000. The property is situated in a prime location within the Edgewater market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 25 Russell Avenue
- Market: Edgewater
The seller, represented by Gerard Mattera Jr of Compass, successfully closed the transaction. Gerard Mattera Jr played a crucial role in ensuring a smooth process throughout the deal.
The multifamily sale at 25 Russell Avenue in Niles, New Jersey sold for $1.1M in 2023. 25 Russell Avenue is classified as Multifamily on Traded. Gerard Mattera Jr, Compass appear on the sale alongside Compass. This page is the Niles, New Jersey file for the 25 Russell Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Niles sit in the Market section below. Filter that Niles multifamily set by closing date to see what else sold near 25 Russell Avenue around 2023. Published consideration for 25 Russell Avenue is $1.1M, dated 2023. Cite this Edgewater Multifamily Property Sold For $1.1M With Seller's Rep Gerard Mattera Jr sale when underwriting similar multifamily product around Niles, New Jersey.
Players
Niles 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93