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Bryan Newell & Christina Gibbons Of Christie's Facilitate $1.103M Sale Of Multifamily In Leonia

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SOLD
$1,103,000

New Jersey

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MultiFamily
Sold 05/16/2024
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Property Image
SOLD

Bryan Newell & Christina Gibbons Of Christie's Facilitate $1.103M Sale Of Multifamily In Leonia

325 Hillside Avenue

See Similar Deals
MultiFamily
Sold 05/16/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A two-family residence at 325 Hillside Avenue in Leonia was sold for $1.103 million. The property, situated on a 0.46-acre lot, boasts spacious layouts, a large backyard, and proximity to the George Washington Bridge and downtown Leonia.

Summary of transaction details:

Bryan Newell and Christina Gibbons of Christie's International Real Estate represented the parties involved in the sale of the two-family property at 325 Hillside Avenue in Leonia.

Players

Christina Gibbons
8 deals$25.8M volume
BROKER

Bryan Newell
Christie's International Real Estate
1 deal$1.1M volume(201) 885-6203
BROKER

Details

SOLD
IMAGE: Bryan Newell & Christina Gibbons DATE: 05/16/2024 ADDRESS: 325 Hillside Avenue MARKET: Leonia ASSET TYPE: Multifamily ~ ACRES: 0.46 BROKERS: Bryan Newell (@BryanNewellnj) & Christina Gibbons (@ChristinaGibbonsgroup) - Christie's International Real Estate SALE PRICE: $1,103,000 UNITS: 2 ~ PPU: $551,500 NOTE: A two-family residence at 325 Hillside Avenue in Leonia sold for $1.103 million. The property, situated on a 0.46-acre lot, features spacious layouts, a large backyard, and is conveniently located near the George Washington Bridge and downtown Leonia.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,918.73
Cash-on-Cash Return-1.27%
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