Updated Dec 4, 2024
RE/MAX Fortune Properties' Kenneth Koh Represents Buyer On $1.09M Multifamily Sale In Tenafly
44 Newcomb Road, Tenafly, New Jersey 07670, United States
$1,090,000
Units
2
Asset Type
MultiFamily
Closing
May 2, 2022
About this deal
AI
A multifamily property located at 44 Newcomb Rd in Tenafly has been sold in a recent transaction. The sale took place on May 3, 2022. The property consists of two units, with each unit having a per unit price of $545,000. The total sale price for the property was $1,090,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,090,000
- Address: 44 Newcomb Rd, Tenafly
- Market: Tenafly
- Units: 2
- Price Per Unit: $545,000
The buyer in this transaction was represented by Kenneth Koh from RE/MAX Fortune Properties. On the other hand, Young S. Joo from Young Star Realty, LLC acted as the seller's representative.
Players
Tenafly 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
14.55%
Cash-on-Cash
-4.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93