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Farah Alli & Allen Ten Hoeve Complete $1,050,000 Multifamily Sale In West New York

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SOLD
$1,050,000

New Jersey

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MultiFamily
Sold 07/12/2024
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Property Image
SOLD

Farah Alli & Allen Ten Hoeve Complete $1,050,000 Multifamily Sale In West New York

41 63rd Street

See Similar Deals
MultiFamily
Sold 07/12/2024
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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.

Players

Allen Ten Hoeve
2 deals$3.3M volume
BROKER

Farah Alli
Compass
2 deals$4.5M volume
BROKER

Details

SOLD
IMAGE: Farah Alli & Allen Ten Hoeve DATE: 07/12/2024 ADDRESS: 41 63rd Street MARKET: West New York ASSET TYPE: Multifamily BUYER'S REP: Farah Alli (@FarahAlli.realestate) - Compass (@Compass) SELLER'S REP: Allen Ten Hoeve (@AJTenHoeve) - Keller Williams Valley Realty (@KWValleyRealty) SALE PRICE: $1,050,000 NOTE: 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.

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Deal Type
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
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