Hudson Atlantic Realty Facilitates $3.6M Sale Of Wood Ridge Multifamily
SOLD
$3,600,000
New Jersey
See Similar DealsMultiFamily
Sold 03/21/2024
SOLD
Hudson Atlantic Realty Facilitates $3.6M Sale Of Wood Ridge Multifamily
420 Highland Avenue
See Similar DealsMultiFamily
Sold 03/21/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 420 Highland Avenue in Wood Ridge was sold for $3,600,000. The property consists of 19 units, with a price per unit of $189,474.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Units: 19
- Price Per Unit: $189,474
- Address: 420 Highland Avenue
- Market: Wood Ridge
- Brokers: Adam Zweibel & Dante Fusaro - Hudson Atlantic Realty
Adam Zweibel and Dante Fusaro from Hudson Atlantic Realty facilitated the transaction of the multifamily property at 420 Highland Avenue in Wood Ridge. Their expertise and negotiation skills contributed to the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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