Updated Dec 21, 2023
RE/MAX Fortune Properties Represents $1.1M Sale Of Edgewater Multifamily Property
400 Undercliff Avenue, Edgewater, NJ 07020, USA
$1,100,000
$359/SF
Building Size
3,060 SF
Asset Type
MultiFamily
Closing
Oct 7, 2021
About this deal
AI
Multifamily property located at 400 Undercliff Ave in Edgewater, NJ was recently sold for $1,100,000. The transaction took place on 10/07/2021. The property consists of 2 units, each priced at $550,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 400 Undercliff Ave, Edgewater, NJ
- Market: Edgewater, NJ
- Buyer's Rep: Lisa Pagiatakis-Gaito - RE/MAX Fortune Properties
- Seller's Rep: Robert Oppenheimer - RE/MAX Fortune Properties
The buyer's representative in this deal was Lisa Pagiatakis-Gaito from RE/MAX Fortune Properties, while Robert Oppenheimer from the same agency represented the seller. The property offers two units, each priced at $550,000.
Players
Edgewater 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93