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Lorraine Bonacolta Of Property Advisers, LLC Sells Multifamily Property In Leonia For $1.15M

Property Image
SOLD
$1,150,000

New Jersey

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MultiFamily
Sold 07/03/2024
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Property Image
SOLD

Lorraine Bonacolta Of Property Advisers, LLC Sells Multifamily Property In Leonia For $1.15M

388 Grand Avenue

See Similar Deals
MultiFamily
Sold 07/03/2024
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 388 Grand Avenue in Leonia was recently sold for $1,150,000. The property consists of three units, with each unit being priced at approximately $383,333.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 3
  • Price Per Unit: $383,333
  • Address: 388 Grand Avenue
  • Market: Leonia

Lorraine Bonacolta, representing Property Advisers, LLC, facilitated the sale of the multifamily property at 388 Grand Avenue in Leonia.

Players

Lorraine Bonacolta
Lorraine Bonacolta
1 deal$1.2M volume(201) 884-2583
BROKER

Details

SOLD
IMAGE: Lorraine Bonacolta DATE: 07/03/2024 ADDRESS: 388 Grand Avenue MARKET: Leonia ASSET TYPE: Multifamily BROKER: Lorraine Bonacolta (@Raine__Colt) - Property Advisers, LLC SALE PRICE: $1,150,000 UNITS: 3 ~ PPU: $383,333 NOTE: Lorraine Bonacolta of Property Advisers, LLC, brokered the sale of a multifamily property at 388 Grand Avenue in Leonia for $1,150,000. The property includes three units, translating to a per unit price of approximately $383,333.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04