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Steven Schulman Of Compass Represents Buyer In $1.12M Sale Of Multifamily Property In West New York Town
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 10/15/2024
SOLD
Steven Schulman Of Compass Represents Buyer In $1.12M Sale Of Multifamily Property In West New York Town
575 55th Street
See Similar DealsMultiFamily
Sold 10/15/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involved a multifamily property located at 575 55th Street in West New York Town. The sale price for the property was $1,117,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,117,000
- Address: 575 55th Street
- Market: West New York Town
- Buyer's Representative: Steven Schulman - Compass
- Seller's Representative: Rosemarie Georgianna - Mid State Realty
Steven Schulman from Compass represented the buyer, while Rosemarie Georgianna from Mid State Realty represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,573.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,968.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,295.15
Annual Debt Service$63,541.80
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