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
Millburn 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93