Joshua M. Thomas Sells North Bergen Multifamily For $1.8M With Seller's Rep Maikol Puebla - Christie's Intl. RE
SOLD
$1,800,000
New Jersey
See Similar DealsMultiFamily6,000 SF
Sold 10/13/2023
SOLD
Joshua M. Thomas Sells North Bergen Multifamily For $1.8M With Seller's Rep Maikol Puebla - Christie's Intl. RE
4316 Durham Avenue
See Similar DealsMultiFamily6,000 SF
Sold 10/13/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$300
Total Square Footage:6,000 SF
Transaction Type:Sale
The multifamily property located at 4316 Durham Avenue in North Bergen has been sold. The property consists of 4 units with a total square footage of 6,000. The asking price for the property was $1,888,800, and it was sold for $1,800,000, resulting in a price per unit of $450,000. The price per square foot was $300.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 4316 Durham Avenue, North Bergen
- Units: 4
- Square Footage: 6,000
- Asking Price: $1,888,800
- Price Per Unit: $450,000
- Price Per Square Foot: $300
The seller of the property was Joshua M. Thomas. Maikol Puebla from Christie's International Real Estate represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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