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
Building Size
—
Asset Type
MultiFamily
Closing
Jan 19, 2022
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.
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