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Farah Alli & Allen Ten Hoeve Complete $1,050,000 Multifamily Sale In West New York
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 07/12/2024
SOLD
Farah Alli & Allen Ten Hoeve Complete $1,050,000 Multifamily Sale In West New York
41 63rd Street
See Similar DealsMultiFamily
Sold 07/12/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A meticulously maintained two-family home at 41 63rd Street in West New York sold for $1,050,000. The property features seven bedrooms, three bathrooms, renovated kitchens, separate utilities, a stunning backyard, and a one-car garage, with easy access to NYC transportation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 41 63rd Street
- Market: West New York
Farah Alli from Compass represented the buyer in the transaction, while Allen Ten Hoeve from Keller Williams Valley Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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