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275 106th Street, Stone Har...

Diller & Fisher Realtors Sells Multifamily Property In Stone Harbor For $2.4M
SOLDMultiFamily

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

Stephan Frame

Diller & Fisher Realtors

Broker

$32.4M

vol

9 deals

Broker

Stone Harbor 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

6.54%

Cash-on-Cash

-1.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93