Updated Dec 20, 2023
Julie Gralla's Kislak Company Sells Irvington Multifamily For $6M
404-410 Union Avenue, Irvington, New Jersey 07111, United States
$6,000,000
Units
45
Asset Type
MultiFamily
Closing
May 18, 2022
About this deal
AI
Julie Gralla of the Kislak Company represented the buyer and seller in the sale of a multifamily property located at 404-410 Union Ave in Irvington. The transaction took place on May 19, 2022, with a sale price of $6,000,000. The property consists of 45 units, resulting in a price per unit of $133,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 45
- Price Per Unit: $133,333
- Broker: Julie Gralla - Kislak Company
This deal showcases the expertise of Julie Gralla from the Kislak Company, who successfully represented both the buyer and seller in the transaction of the multifamily property on Union Ave in Irvington.
Players
Irvington 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93