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49 Gordon Avenue

Connie Choi & Jungae Yoo Facilitate $1.1M Sale Of Tenafly Multifamily
SOLDMultiFamily

Connie Choi & Jungae Yoo Facilitate $1.1M Sale Of Tenafly Multifamily

49 Gordon Avenue

$1,100,000

Building Size

Asset Type

MultiFamily

Closing

Mar 29, 2024

AI

Located at 49 Gordon Avenue in Tenafly, this multifamily asset consists of a duplex-style 2-family house sold for $1,100,000. The property features all hardwood floors and includes amenities such as a basement with a washer/dryer, gym, and storage, along with a 2-car detached garage. It is situated on a quiet residential street within walking distance to schools and New York buses.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 2
  • Price Per Unit: $550,000
  • Address: 49 Gordon Avenue
  • Market: Tenafly

Connie Choi of Keller Williams Town Life represented the buyer while Jungae Yoo of Hyst Realty Group represented the seller in the transaction involving the sale of 49 Gordon Avenue. The property, with its convenient location and desirable features, attracted attention from buyers looking for a residential investment opportunity in Tenafly.

Players

Jungae Yoo

Hyst Realty Group

Broker

$1.1M

vol

1 deal

Broker

Tenafly MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93