Christie's International Real Estate Acquires Multifamily Property On Lake Ave In Lyndhurst For $1.2M
536 Lake Avenue, Lyndhurst, NJ 07071
$1,200,000
$358/SF
Building Size
3,348 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
AI
Located at 536 Lake Ave in Lyndhurst, this multifamily property was recently sold for a price of $1,200,000. The transaction took place on December 22, 2021. The property consists of 6 units, resulting in a price per unit of $200,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 6
- Price per Unit: $200,000
- Address: 536 Lake Ave, Lyndhurst
- Market: Lyndhurst
The buyer's representative for this transaction was Celia Riggio from Christie's International Real Estate Northern New Jersey, Inc. On the other hand, Joseph Aziz represented the seller as the seller's representative from Prestige Property Group.
Players
Lyndhurst 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93