Updated Dec 21, 2023
Compass New Jersey Acquires Montclair Multifamily For $1.005M
56 Walnut Crescent, Montclair, New Jersey 07042, United States
$1,005,000
$141/SF
Building Size
7,100 SF
Asset Type
MultiFamily
Closing
Jun 14, 2022
About this deal
AI
The multifamily property located at 56 Walnut Cres in Montclair has been sold for $1,005,000. The transaction took place on June 15, 2022, with Barbara Messenger representing the seller through Berkshire Hathaway Home Services New Jersey Properties and Karin Diana-Toder representing the buyer through Compass New Jersey.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,005,000
- Date: June 15, 2022
- Address: 56 Walnut Cres, Montclair
- Market: Montclair
Barbara Messenger from Berkshire Hathaway Home Services New Jersey Properties acted as the seller's representative in this sale, while Karin Diana-Toder from Compass New Jersey represented the buyer.
Players
Montclair 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
15.78%
Cash-on-Cash
-4.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93