Updated Dec 4, 2024
Elaine Pardalos Acquires Multifamily Property In South Orange For $1.025M
335 Academy Street
$1,025,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 4, 2023
About this deal
AI
335 Academy Street in South Orange, a multifamily property on 0.39 acres, was sold for $1,025,000. The transaction involved Elaine Pardalos from Brown Harris Stevens as the buyer's representative and Susan (Sue) Adler from Keller Williams as the seller's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Address: 335 Academy Street
- Market: South Orange
- Buyer's Representative: Elaine Pardalos - Brown Harris Stevens
- Seller's Representative: Susan Adler - Keller Williams
The buyer's representative for the transaction was Elaine Pardalos from Brown Harris Stevens, while the seller's representative was Susan (Sue) Adler from Keller Williams.
Players
South Orange MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93