Updated Sep 9, 2024
Edgewater Multifamily Property Sold For $1.4M With Maureen McSpirit's Representation
539 Undercliff Ave Edgewater, NJ 07020, USA
$1,400,000
Units
4
Asset Type
MultiFamily
Closing
Sep 11, 2023
About this deal
AI
A prime Edgewater property, a brick 4-family multifamily unit located at 539 Undercliff Avenue, was sold for $1.4 million. The property offers spacious rooms and stunning views of the Hudson River and NYC from some units. It also features convenient rear parking, providing quick access to NYC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 4
- Price Per Unit (PPU): $350,000
The transaction was facilitated by Maureen McSpirit, a broker from McSpirit & Beckett Real Estate. Along with representing the property, McSpirit is an experienced broker with extensive knowledge of the Edgewater market.
Edgewater MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit McSpirit & Beckett Real Estate to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93