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28 Church Street, Millburn,...

Garden Home Realty Acquires Millburn Multifamily For $1.25M
SOLDMultiFamily

Garden Home Realty Acquires Millburn Multifamily For $1.25M

28 Church Street, Millburn, New Jersey 07041, United States

$1,250,000

Building Size

Asset Type

MultiFamily

Closing

Mar 3, 2022

AI

A multifamily property located at 28 Church St in Millburn has been sold for a total price of $1,250,000. The transaction took place on 03/04/2022 and was facilitated by Qizhan Yao from Realmart Realty, LLC as the seller's representative, and Susanna S. Shen from Garden Home Realty as the buyer's representative.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Address: 28 Church St, Millburn

The seller, represented by Qizhan Yao of Realmart Realty, LLC, successfully closed the deal with the assistance of Susanna S. Shen from Garden Home Realty, who acted as the buyer's representative. The sale of this multifamily property signifies a significant transaction within the Millburn market.

Players

Susanna S. Shen

Broker

$1.3M

vol

1 deal

Broker

Millburn 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93