Updated Dec 19, 2023
Berkshire Hathaway HomeServices Acquires Multifamily Property On Burlington Ave For $1.2M
47 Burlington Avenue, Leonardo, New Jersey 07737, United States
$1,195,000
$277/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
The multifamily property located at 47 Burlington Ave in Leonardo has been sold for a total price of $1,195,000. The property consists of 6 units, resulting in a per unit price of $199,167. The total square footage of the property is 4,300, with a price per square foot of $278.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,195,000
- Units: 6
- Price per Unit: $199,167
- Square Footage: 4,300
- Price per Square Foot: $278
- Address: 47 Burlington Ave, Leonardo
Lisa Paster from O'Brien Realty, LLC represented the buyer in this transaction, while Carole Kubis from Berkshire Hathaway HomeServices Fox & Roach represented the seller.
Players
Leonardo 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
13.27%
Cash-on-Cash
-3.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93