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Keller Williams Village Square Realty Brokers Sell Multfamily Property In East Rutherford For $1.1M
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 12/21/2023
SOLD
Keller Williams Village Square Realty Brokers Sell Multfamily Property In East Rutherford For $1.1M
47-49 Grant Street
See Similar DealsMultiFamily
Sold 12/21/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 47-49 Grant Street in East Rutherford has been sold for a total of $1,100,000. The transaction was facilitated by brokers Patricia Gurney and Ryan Ensenat from Keller Williams Village Square Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 47-49 Grant Street, East Rutherford
- Market: East Rutherford
Patricia Gurney and Ryan Ensenat, both representing Keller Williams Village Square Realty, played key roles as brokers in the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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