Updated Dec 4, 2024
Adrian Tridel Of Adrian Edwards LLC Facilitates Sale Of Multifamily Property In Lyndhurst For $1.22M
278 Warren Street
$1,220,000
Units
2
Asset Type
MultiFamily
Closing
Jul 30, 2024
About this deal
AI
A two-family home at 278 Warren Street in Lyndhurst has been sold, featuring two modern units with high-end kitchens, multiple bedrooms, and luxurious baths. The property combines single-family charm with investment potential, offering spacious living areas and elegant finishes. The sale price was set at $1.22 million, translating to a price per unit of $610,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Units: 2
- Price Per Unit: $610,000
- Address: 278 Warren Street
- Market: Lyndhurst
- Broker: Adrian Tridel - Adrian Edwards LLC
Adrian Tridel represented the transaction through Adrian Edwards LLC, facilitating the sale of this multifamily asset. The deal showcases the collaboration between the broker and various stakeholders in the property market.
Lyndhurst 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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93