Updated Dec 4, 2024
Lorraine Bonacolta Of Property Advisers, LLC Sells Multifamily Property In Leonia For $1.15M
388 Grand Avenue
$1,150,000
Units
3
Asset Type
MultiFamily
Closing
Jul 3, 2024
About this deal
AI
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.
The multifamily sale at 388 Grand Avenue in Leonia, New Jersey sold for $1.2M in 2024. Reported inventory is 3 units across 3 units. Lorraine Bonacolta, Property Advisers appear on the sale alongside Property Advisers. This page is the Leonia, New Jersey file for the 388 Grand Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Leonia sit in the Market section below. Filter that Leonia multifamily set by closing date to see what else sold near 388 Grand Avenue around 2024. Published consideration for 388 Grand Avenue is $1.2M, dated 2024. Cite this Lorraine Bonacolta Of Property Advisers, LLC Sells Multifamily Property In Leonia For $1.15M sale when underwriting similar multifamily product around Leonia, New Jersey.
Leonia 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93