Howard Hanna Rand Realty Represents Buyer In $1.325M Multifamily Sale In Hasbrouck Heights
SOLD
$1,325,000
New Jersey
See Similar DealsMultiFamily
Sold 05/27/2022
SOLD
Howard Hanna Rand Realty Represents Buyer In $1.325M Multifamily Sale In Hasbrouck Heights
339-343 Boulevard, Hasbrouck Heights, New Jersey 07604, United States
See Similar DealsMultiFamily
Sold 05/27/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 339-343 Boulevard in Hasbrouck Heights has been sold for $1,325,000. This property was sold on 05/27/2022. The asset encompasses a total of and is situated in the Hasbrouck Heights market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Address: 339-343 Boulevard, Hasbrouck Heights
- Market: Hasbrouck Heights
Constantine Marakas from Howard Hanna Rand Realty represented the buyer in this transaction, while Corrado Belgiovine from KW Commercial served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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