Yaz Malas Sells Multifamily Property In West New York For $5.21M
414 50th Street
$5,210,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 3, 2023
AI
The multifamily property located at 414 50th Street in West New York has been sold in a recent transaction. The property consists of 13 units with a total of 19,522 square feet of space. The sale price for this multifamily asset was $5,210,000, resulting in a per unit price of $400,769. The price per square footage was calculated to be $267.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,210,000
- Units: 13
- Price per Unit: $400,769
- Square Footage: 19,522
- Price per Square Foot: $267
In this transaction, the seller of the property was Yaz Malas. The broker representing the seller was Davis Briones from Kislak.
Players
Market 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
3.04%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93