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301 Hackensack Street

Michael N. Todaro Acquires Multifamily Property On Hackensack Street In Carlstadt, NJ
SOLDMultiFamily

Michael N. Todaro Acquires Multifamily Property On Hackensack Street In Carlstadt, NJ

301 Hackensack Street

$925,000

$171/SF

Building Size

5,400 SF

Asset Type

MultiFamily

Closing

Sep 27, 2022

AI

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.

Players

Michael Todaro

Serhant

Broker

$26.3M

vol

13 deals

Broker

Carlstadt 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

17.15%

Cash-on-Cash

-4.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93