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58 Park Avenue

Updated Oct 28, 2024

Emmanuel Williams Acquires Multifamily Property On 58 Park Avenue, East Orange For $999,999
SOLDMultiFamily

Emmanuel Williams Acquires Multifamily Property On 58 Park Avenue, East Orange For $999,999

58 Park Avenue

$999,999

$181/SF

Building Size

5,500 SF

Asset Type

MultiFamily

Closing

Oct 14, 2022

About this deal

AI

Located at 58 Park Avenue in East Orange, NJ, this multifamily property was recently sold in a closed transaction. The property consists of 3 units, with a total of 5,500 square feet. The sale price for this transaction was $999,999, resulting in a price per unit of $333,333 and a price per square foot of $182. It is worth noting that this sale represents the highest price achieved for a 3-family property in East Orange.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $999,999
  • Units: 3
  • Price per Unit: $333,333
  • Square Feet: 5,500
  • Price per Square Foot: $182
  • Address: 58 Park Avenue, East Orange, NJ
  • Market: East Orange, NJ

The buyer of this property was Emmanuel Williams, while the seller was Prestige International Business Corporation. Representing the buyer was Anthony Rivera from Lifestyle International Realty, and representing the seller was Daniel Cucalon, also from Lifestyle International Realty.

If you are looking for assistance with your real estate residential or commercial needs, you can contact Daniel Cucalon at 201-658-4891 or Anthony Joseph Rivera at 631-295-0170. They can help turn your dreams into investment reality.

Players

Anthony Rivera

Lifestyle International Realty

Broker

$1M

vol

1 deal

Broker

East Orange MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $181 per square foot on a published $1M for 5,500 square feet (2022).

Visit Lifestyle International Realty to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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