Updated Sep 9, 2024
Paul Qi Of Realtyline Represents Buyer In $1.395M Sale Of Millburn Twp Multifamily
45 Mechanic Street, Millburn, New Jersey 07041, United States
$1,395,000
Building Size
—
Asset Type
MultiFamily
Closing
May 1, 2022
About this deal
AI
A multifamily property located at 45 Mechanic St in Millburn Twp has been sold for a price of $1,395,000. The sale took place on 5/02/2022. The property, represented by Simon Westfall-Kwong from Keller Williams Realty, was purchased with the assistance of Paul Qi from Realtyline.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,395,000
- Date: 05/02/2022
- Address: 45 Mechanic St
- Market: Millburn Twp
The buyer, Paul Qi, from Realtyline and the seller's representative, Simon Westfall-Kwong from Keller Williams Realty, were key individuals involved in this transaction.
Millburn 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
11.37%
Cash-on-Cash
-3.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93