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
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93