Updated Dec 21, 2023
Nazario M Paragano And Dominick V. Paragano Acquire Multifamily Property In Far Hills, NJ For $525,000
30 Peapack Road, Far Hills, NJ 07931
$525,000
$123/SF
Building Size
4,250 SF
Asset Type
MultiFamily
Closing
Nov 24, 2021
About this deal
AI
A multifamily property located at 30 Peapack Road in Far Hills, NJ was recently sold. The transaction took place on November 24, 2021. The property consists of 3 units with a total square footage of 4,250. The asking price and sale price for the property were both $525,000, resulting in a price per unit of $175,000. The price per square foot for the property was $123.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $525,000
- Address: 30 Peapack Road, Far Hills, NJ
- Market: Far Hills, NJ
Nazario M Paragano and Dominick V. Paragano were the buyers of the property. The sellers were Thomas J Hopkins and Kimberly Weiner Hopkins. The transaction was facilitated by brokers Michael Giacalone from RE/MAX House Values and Kathryn Barcellona from Coldwell Banker Realty.
Players
Far Hills 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
30.22%
Cash-on-Cash
-8.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93