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Valarie Ellis Friedman Brokers $1M Sale Of MultiFamily Property In Madison

Property Image
SOLD
$1,000,000

New Jersey

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MultiFamily
Sold 05/23/2024
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Property Image
SOLD

Valarie Ellis Friedman Brokers $1M Sale Of MultiFamily Property In Madison

33 Greenwood Avenue

See Similar Deals
MultiFamily
Sold 05/23/2024
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property at 33 Greenwood Avenue in Madison was recently transacted for $1 million. The deal was facilitated by Valarie Ellis Friedman from Re/Max Achievers.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,000,000
  • Location: 33 Greenwood Avenue
  • Market: Madison
  • Size: 0.26 acres

Valarie Ellis Friedman, representing Re/Max Achievers, played a pivotal role in closing the sale of the multi-family property at 33 Greenwood Avenue in Madison.

Players

Valarie Ellis Friedman
Re/Max
Valarie Ellis Friedman
1 deal$1M volume
BROKER

Details

SOLD
IMAGE: Valarie Ellis Friedman DATE: 05/23/2024 ADDRESS: 33 Greenwood Avenue MARKET: Madison ASSET TYPE: MultiFamily ~ ACRES: 0.26 BROKER: Valarie Ellis Friedman - Re/Max Achievers SALE PRICE: $1,000,000 NOTE: A multifamily property at 33 Greenwood Avenue in Madison sold for $1 million. The sale was brokered by Valarie Ellis Friedman of Re/Max Achievers.

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

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12