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Kay Suh & Shin Chung Facilitate $1.55M Sale Of Norwood Duplex

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SOLD
$1,550,000

New Jersey

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MultiFamily
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SOLD

Kay Suh & Shin Chung Facilitate $1.55M Sale Of Norwood Duplex

385 Livingston Street

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MultiFamily
Sold
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

385 Livingston Street in Norwood, a multifamily property consisting of a duplex with 2 units, sold for $1,550,000. Each unit features 4 bedrooms, 3 full bathrooms, spacious living areas, modern kitchens, and hardwood floors throughout. The property, built in 2008 on an existing foundation, is conveniently located near public schools, NYC bus stops, and is part of a highly regarded school system in New Jersey.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Units: 2
  • Price Per Unit: $775,000
  • Acres: 0.57
  • Address: 385 Livingston Street
  • Market: Norwood

Kay Suh of C Land Realty represented the buyer in the transaction, while Shin Chung of Re/Max was the seller's representative on the deal.

Players

Kay Suh
3 deals$4.1M volume
BROKER

Shin (Sam) Chung
Re/Max
5 deals$6.7M volume(201) 403-1777
BROKER

Details

SOLD
IMAGE: Kay Suh & Shin Chung DATE: 07/08/2024 ADDRESS: 385 Livingston Street MARKET: Norwood ASSET TYPE: Multifamily ~ ACRES: 0.57 BUYER'S REP: Kay Suh - C Land Realty SELLER'S REP: Shin Chung (@Shc.remax) - Re/Max (@Remax) SALE PRICE: $1,550,000 UNITS: 2 ~ PPU: $775,000 NOTE: 385 Livingston Street in Norwood, a multifamily property consisting of a duplex with 2 units, sold for $1,550,000. Each unit features 4 bedrooms, 3 full bathrooms, spacious living areas, modern kitchens, and hardwood floors throughout. The property, built in 2008 on an existing foundation, is conveniently located near public schools, NYC bus stops, and is part of a highly regarded school system in New Jersey.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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