Updated Dec 19, 2023
Yvonne Kiameh's Sokolich Real Estate Acquires Fairview Multifamily For $1.15M
309 7th St, Fairview, NJ, USA
$1,150,000
$310/SF
Building Size
3,710 SF
Asset Type
MultiFamily
Closing
Jul 13, 2020
About this deal
AI
The multifamily property located at 309 7th St in Fairview, NJ was recently sold for a total price of $1,150,000. The sale took place on 07/13/2021, and the property consists of 3 units, resulting in a price per unit of $383,333. The transaction was facilitated by Yvonne Kiameh from Sokolich Real Estate, who acted as the buyer's representative. Matija Tandara and Lori Menendez from Prominent Properties Sotheby's International Realty represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 309 7th St, Fairview, NJ
- Market: Fairview, NJ
- Buyer's Representative: Yvonne Kiameh - Sokolich Real Estate
- Seller's Representatives: Matija Tandara & Lori Menendez - Prominent Properties Sotheby's International Realty
- Units: 3
- Price Per Unit: $383,333
The transaction involved a property in Fairview, NJ and was successfully executed with the assistance of the buyer's representative, Yvonne Kiameh from Sokolich Real Estate, and the seller's representatives, Matija Tandara and Lori Menendez from Prominent Properties Sotheby's International Realty.
Players
Fairview 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93