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5107 Boulevard East

Michael Arabia Of Evelyn G. Rafter & Associates Represents Buyer In $1.6M West New York Multifamily Sale
SOLDMultiFamily

Michael Arabia Of Evelyn G. Rafter & Associates Represents Buyer In $1.6M West New York Multifamily Sale

5107 Boulevard East

$1,600,000

Building Size

Asset Type

MultiFamily

Closing

Sep 13, 2024

AI

A multifamily property located at 5107 Boulevard East in West New York has been sold for $1.6 million. This transaction highlights the market dynamics of the West New York area. The property was a multifamily asset, indicating it was likely designed to accommodate multiple residential units, although specific details about its characteristics, such as square footage, were not disclosed.

Summary of transaction details:

The deal involved key individuals from both sides, with Michael Arabia representing the buyer through Evelyn G. Rafter & Associates, while the seller was represented by Michael Joo of Howard Hanna Rand Realty. This collaboration reflects the professional involvement necessary to navigate the complexities of real estate transactions.

Players

Michael Arabia

Evelyn G. Rafter & Associates

Broker

$3.6M

vol

2 deals

Broker

West New York 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93