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Bryan Newell & Christina Gibbons Of Christie's Facilitate $1.103M Sale Of Multifamily In Leonia
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 05/16/2024
SOLD
Bryan Newell & Christina Gibbons Of Christie's Facilitate $1.103M Sale Of Multifamily In Leonia
325 Hillside Avenue
See Similar DealsMultiFamily
Sold 05/16/2024
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:
- Property Type: Multifamily
- Transaction Amount: $1,103,000
- Address: 325 Hillside Avenue
- Market: Leonia
- Acres: 0.46
- Units: 2
- Price Per Unit: $551,500
- Brokers: Bryan Newell & Christina Gibbons - Christie's International Real Estate
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,826.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,918.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,228.78
Annual Debt Service$62,745.39
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