Diller & Fisher Realtors Sells Multifamily Property In Stone Harbor For $2.4M
275 106th Street, Stone Harbor, New Jersey 08247, United States
$2,425,000
$1,287/SF
Building Size
1,884 SF
Asset Type
MultiFamily
Closing
May 5, 2022
AI
The multifamily property at 275 106th St in Stone Harbor has been sold for $2,425,000. The transaction took place on 05/06/2022. The property consists of 2 units, with a per unit price of $1,212,500. Stephan Frame, representing Diller & Fisher Realtors, acted as the seller's representative, while William Labrum, from the same agency, represented the buyer in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,425,000
- Units: 2
- Price Per Unit: $1,212,500
- Address: 275 106th St, Stone Harbor
- Market: Stone Harbor
Stephan Frame, from Diller & Fisher Realtors, represented the seller in the transaction. William Labrum, also from Diller & Fisher Realtors, acted as the buyer's representative. The sale of this multifamily property marks a successful deal for both parties involved.
Players
Stone Harbor 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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93