NY Urban Real Estate Investments Acquires Multifamily Property In Bergenfield, NJ For $1.04M
SOLD
$1,045,500
New Jersey
See Similar DealsMultiFamily1,928 SF
Sold 03/11/2021
SOLD
NY Urban Real Estate Investments Acquires Multifamily Property In Bergenfield, NJ For $1.04M
31 Hallberg Ave, Bergenfield, NJ, USA
See Similar DealsMultiFamily1,928 SF
Sold 03/11/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$542
Total Square Footage:1,928 SF
Transaction Type:Sale
A multifamily property located at 31 Hallberg Ave in Bergenfield, NJ has been sold for a price of $1,045,500. The property consists of 2 units, with a per-unit price of $522,750. Christopher Lama of NY Urban Real Estate Investments, Inc. represented the seller in this transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,045,500
- Units: 2
- Price Per Unit: $522,750
This sale was facilitated by Christopher Lama of NY Urban Real Estate Investments, Inc., who represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,759.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,714.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,956.20
Annual Debt Service$59,474.44
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