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536 Lake Avenue, Lyndhurst,...

Christie's International Real Estate Acquires Multifamily Property On Lake Ave In Lyndhurst For $1.2M
SOLDMultiFamily

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

Celia Riggio

Christie's International Real Estate

Broker

$1.2M

vol

1 deal

Broker

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