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309 7th St, Fairview, NJ, USA

Updated Dec 19, 2023

Yvonne Kiameh's Sokolich Real Estate Acquires Fairview Multifamily For $1.15M
SOLDMultiFamily

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

Yvonne Kiameh

Broker

$1.2M

vol

1 deal

Broker

Fairview MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $310 per square foot on a published $1.2M for 3,710 square feet (2020).

Visit Sotheby's International Realty to view all their deals.

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

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