Tuli Steuer Acquires Multifamily Asset From Chris Yegen In West New York For $4.35M
SOLD
$4,350,000
New Jersey
See Similar DealsMultiFamily22,700 SF
Sold 11/07/2025
SOLD
Tuli Steuer Acquires Multifamily Asset From Chris Yegen In West New York For $4.35M
533 67th Street
See Similar DealsMultiFamily22,700 SF
Sold 11/07/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:22,700 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 533 67th Street in West New York. The sale price of the property was $4,350,000, and it includes a total of 32 units, demonstrating a cap rate of 5.7%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Address: 533 67th Street
- Market: West New York
- Units: 32
- Cap Rate: 5.7%
- Buyer: Tuli Steuer
- Seller: Chris Yegen
- Broker: David Ferber - Matthews
This transaction involved Tuli Steuer as the buyer and Chris Yegen as the seller. David Ferber from Matthews represented the seller in this deal, facilitating the transaction between the two parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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