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
Niles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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