Updated Sep 5, 2024
Elite Realtors Acquires Multifamily Property In Madison Borough, NJ For $1.325M
5 Chateau Thierry Avenue, Madison, NJ 07940
$1,325,000
$441/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Sep 1, 2021
About this deal
AI
The multifamily property located at 5 Chateau Thierry Ave in Madison Borough, NJ has been sold. The sale took place on September 1, 2021, for a total price of $1,325,000. The property is situated in a desirable market, offering potential for a profitable investment.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Address: 5 Chateau Thierry Ave, Madison Borough, NJ
- Market: Madison Borough, NJ
Amita Mahajan from Elite Realtors of New Jersey represented the buyer in this transaction, while Brooke Visentini from Keller Williams Realty acted as the seller's representative. The involvement of experienced real estate professionals ensures a smooth and efficient process for both parties.
Players
Madison 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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93