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
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