Updated Dec 21, 2023
Emerald Equity Group Acquires Multi Family Property In New York For $1.7M
309 Alexander Ave, Cape May Point, NJ 08212, USA
Building Size
5,001 SF
Asset Type
MultiFamily
Closing
Feb 1, 2017
About this deal
AI
The multi-family property located at 309 Alexander Avenue in the Bronx, New York was sold in February 2017 for a price of $1,699,999. The property is owned by Eric Anderson and was purchased by Emerald Equity Group.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $1,699,999
- Seller: Eric Anderson
- Buyer: Emerald Equity Group
- Address: 309 Alexander Avenue, Bronx, New York
- Market: Bronx
This transaction involved the representation of buyer Emerald Equity Group by their broker representative.
Traded’s record for 309 Alexander Ave, Cape May Point, NJ 08212, USA in Cape May Point, New Jersey covers a multifamily sale from 2017. The building is 5,001 square feet, implying about 0 per square foot on the published price. This page is the Cape May Point, New Jersey file for the 309 Alexander Ave, Cape May Point, NJ 08212, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Cape May Point sit in the Market section below. Filter that Cape May Point multifamily set by closing date to see what else sold near 309 Alexander Ave, Cape May Point, NJ 08212, USA around 2017. Cite this Emerald Equity Group Acquires Multi Family Property In New York For $1.7M sale when underwriting similar multifamily product around Cape May Point, New Jersey.
Players
Cape May Point MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93