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Elaine Pardalos Acquires Multifamily Property In South Orange For $1.025M
SOLD
New Jersey
See Similar DealsMultiFamily
Sold
SOLD
Elaine Pardalos Acquires Multifamily Property In South Orange For $1.025M
335 Academy Street
See Similar DealsMultiFamily
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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