Gebroe-Hammer Associates Facilitates $3.95M Sale Of West New York Multifamily Property
5414 Park Avenue west
$3,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 2, 2023
AI
A 22-unit midrise apartment building located at 5414 Park Avenue in West New York, New Jersey has been sold for $3,950,000. The property is owned by 5414 Park Avenue LLC and was sold through the efforts of Gebroe-Hammer Associates. The apartment building's prime location in a highly sought-after area with strong renter demand made it an attractive investment opportunity.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 5414 Park Avenue, West New York, New Jersey
- Market: West New York
Gebroe-Hammer Associates, represented by David Betesh, played a key role in facilitating the sale of this property. The successful transaction highlights the expertise and strategic approach of Gebroe-Hammer Associates in the real estate market.
West New York 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93