Updated Sep 5, 2024
Norwood Multifamily Sold For $1.25M With Shin Chung - RE/MAX Fortune Properties
385 Livingston Street, Norwood, New Jersey 07648, United States
$1,250,000
Units
2
Asset Type
MultiFamily
Closing
Jan 19, 2022
About this deal
AI
A multifamily property located at 385 Livingston St in Norwood, NJ was recently sold for $1,250,000. This property consists of 2 units, with a price per unit (PPU) of $625,000. The sale took place on 01/20/2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,250,000
- Units: 2
- Price per Unit (PPU): $625,000
- Date: 01/20/2022
- Market: Norwood, NJ
The sale was facilitated by Shin Chung of RE/MAX Fortune Properties. Shin Chung acted as the broker in this transaction.
The multifamily sale at 385 Livingston Street, Norwood, New Jersey 07648, United States in Norwood, New Jersey sold for $1.3M in 2022. Reported inventory is 2 units across 2 units. Shin (Sam) Chung, Re/Max appear on the sale alongside Re/Max. This page is the Norwood, New Jersey file for the 385 Livingston Street, Norwood, New Jersey 07648, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Norwood sit in the Market section below. Filter that Norwood multifamily set by closing date to see what else sold near 385 Livingston Street, Norwood, New Jersey 07648, United States around 2022. Published consideration for 385 Livingston Street, Norwood, New Jersey 07648, United States is $1.3M, dated 2022. Cite this Norwood Multifamily Sold For $1.25M With Shin Chung - RE/MAX Fortune Properties sale when underwriting similar multifamily product around Norwood, New Jersey.
On the Map
$1,250,000
MultiFamily
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Players
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93