Updated Dec 21, 2023
Christie's International Real Estate Northern New Jersey, Inc. Represents Seller In $1.18M Millburn Multifamily Sale
37 Blaine Street, Millburn, New Jersey 07041, United States
$1,188,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 23, 2022
About this deal
AI
A multifamily property located at 37 Blaine St in Millburn, NJ has been sold for a total of $1,188,000. The sale was facilitated by Aleksandar Ristovic, representing Christie's International Real Estate Northern New Jersey, Inc.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,188,000
- Address: 37 Blaine St, Millburn, NJ
- Seller's Representative: Aleksandar Ristovic - Christie's International Real Estate Northern New Jersey, Inc.
The sale of this multifamily property at 37 Blaine St highlights the successful collaboration between the seller and their representative, Aleksandar Ristovic. This transaction contributes to the thriving real estate market in Millburn, NJ, showcasing the potential for investment opportunities in the area.
Millburn 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
13.35%
Cash-on-Cash
-3.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93