Updated Dec 21, 2023
RE/MAX Solutions Represents Buyer In $1.025M Sale Of Multifamily Asset In West Orange Twp
49 Lawrence Avenue, West Orange Township, NJ, USA
$1,025,000
$218/SF
Building Size
4,700 SF
Asset Type
MultiFamily
Closing
May 21, 2020
About this deal
AI
A multifamily property located at 49 Lawrence Ave in West Orange Township has been sold for $1,025,000. The transaction took place on May 21, 2021. The property is situated in a market known as West Orange Township, offering potential for investment in the multifamily sector.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Date: 05/21/2021
- Address: 49 Lawrence Ave
- Market: West Orange Twp.
Seri Murdock from RE/MAX Solutions represented the buyer in this deal, while Michael Auer from Coldwell Banker Realty acted as the seller's representative. Both brokers played a crucial role in facilitating the transaction and ensuring a successful outcome.
Players
West Orange 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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93