Updated Dec 4, 2024
Steven Schulman Of Compass Represents Buyer In $1.12M Sale Of Multifamily Property In West New York Town
575 55th Street
$1,117,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 15, 2024
About this deal
AI
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.
The multifamily sale at 575 55th Street in West New York, New Jersey sold for $1.1M in 2024. 575 55th Street is classified as Multifamily on Traded. Named participants on the 575 55th Street sale are Steven Schulman, Rosemarie Georgianna. This page is the West New York, New Jersey file for the 575 55th Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same West New York sit in the Market section below. Filter that West New York multifamily set by closing date to see what else sold near 575 55th Street around 2024. Published consideration for 575 55th Street is $1.1M, dated 2024. Cite this Steven Schulman Of Compass Represents Buyer In $1.12M Sale Of Multifamily Property In West New York Town sale when underwriting similar multifamily product around West New York, New Jersey.
Players
West New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse West New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.20%
Cash-on-Cash
-4.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93