Updated Dec 4, 2024
Kay Suh & Shin Chung Facilitate $1.55M Sale Of Norwood Duplex
385 Livingston Street
$1,550,000
Units
2
Asset Type
MultiFamily
Closing
Jul 8, 2024
About this deal
AI
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.
On the Map
$1,550,000
MultiFamily
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Norwood 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93