Michael N. Todaro Acquires Multifamily Property On Hackensack Street In Carlstadt, NJ
SOLD
$925,000
New Jersey
See Similar DealsMultiFamily5,400 SF
Sold 09/27/2022
SOLD
Michael N. Todaro Acquires Multifamily Property On Hackensack Street In Carlstadt, NJ
301 Hackensack Street
See Similar DealsMultiFamily5,400 SF
Sold 09/27/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$171
Total Square Footage:5,400 SF
Transaction Type:Sale
A multifamily property located at 301 Hackensack Street in Carlstadt, NJ has been sold for a total price of $925,000. The property consists of 5 units, with each unit having a price of $185,000. The total square footage of the property is 5,400, resulting in a price per square foot of $171.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $925,000
- Units: 5
- Price Per Unit: $185,000
- Square Footage: 5,400
- Price Per Square Foot: $171
- Market: Carlstadt, NJ
The buyer's representative in this transaction was Michael N. Todaro from Michael Properties/Golden Image Realty Ramsey. On the other hand, the seller was represented by Shaye C. Lastra from Coldwell Banker Hoboken.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,286.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,384.97
Annual Debt Service$52,619.66
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