Updated Sep 9, 2024
Keller Williams Town Life Represents Buyer In $1.23M Multifamily Sale In Tenafly, NJ
54 Central Ave, Tenafly, NJ, USA
$1,235,000
$176/SF
Building Size
7,000 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
A multifamily property located at 54 Central Ave in Tenafly, NJ was recently sold for $1,235,000. The sale took place on July 23, 2021. The property is situated in a desirable market and offers great potential for investment.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,235,000
- Date: 07/23/2021
- Address: 54 Central Ave, Tenafly, NJ
- Market: Tenafly, NJ
Christine Nicholas from Keller Williams Town Life represented the buyer in this transaction, while Terry Lee from Friedberg Properties & Associates in Cresskill represented the seller. Their expertise and negotiation skills played a crucial role in ensuring a successful deal for both parties.
This sale demonstrates the strong demand for multifamily properties in the Tenafly market. The buyer made a wise investment by acquiring this property, which has the potential for future value appreciation and rental income.
Players
Tenafly 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
12.84%
Cash-on-Cash
-3.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93