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Allison Vitella And Charles Way Of Howard Hanna Rand Realty Represent Buyer In Madison Multifamily Sale For $1.45M
SOLD
$1,450,000
New Jersey
See Similar DealsMultiFamily
Sold 08/28/2024
SOLD
Allison Vitella And Charles Way Of Howard Hanna Rand Realty Represent Buyer In Madison Multifamily Sale For $1.45M
6 Loveland Street
See Similar DealsMultiFamily
Sold 08/28/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 6 Loveland Street in Madison has been sold for $1,450,000. This property encompasses 0.26 acres.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 6 Loveland Street
- Market: Madison
- Acres: 0.26
- Buyer's Representative: Allison Vitella & Charles Way - Howard Hanna Rand Realty
- Seller's Representative: Adrienne Desimone - DeSimone Realty
The transaction involved Allison Vitella and Charles Way representing the buyer, while Adrienne Desimone acted as the seller's representative. The collaboration ensured the successful closing of this multifamily asset transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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