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25 Russell Avenue

Edgewater Multifamily Property Sold For $1.1M With Seller's Rep Gerard Mattera Jr
SOLDMultiFamily

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

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.

Players

Gerard Mattera Jr

Compass

Broker

$7.7M

vol

3 deals

Broker

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