Eastern Realty, Inc. Facilitates $1.09M Multifamily Sale In Edgewater
SOLD
$1,090,000
New Jersey
See Similar DealsMultiFamily2,409 SF
Sold 05/09/2022
SOLD
Eastern Realty, Inc. Facilitates $1.09M Multifamily Sale In Edgewater
382 Undercliff Avenue, Edgewater, New Jersey 07020, United States
See Similar DealsMultiFamily2,409 SF
Sold 05/09/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$452
Total Square Footage:2,409 SF
Transaction Type:Sale
The multifamily property located at 382 Undercliff Ave in Edgewater has been sold for a price of $1,090,000. The transaction took place on 05/09/2022. The property is represented by broker Sara Shin from Eastern Realty, Inc.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,090,000
- Address: 382 Undercliff Ave
- Market: Edgewater
Sara Shin from Eastern Realty, Inc. played a key role in representing the parties involved in the sale of this property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,872.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,167.16
Annual Debt Service$62,005.87
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