Thomas Corrente & Kathryn B. Divak Close $1.05M Multifamily Sale In Montvale
6 Pineview Terrace
$1,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 23, 2024
AI
6 Pineview Terrace in Montvale was recently sold for $1,050,000. The property is a multifamily asset situated on 0.41 acres. The buyer, represented by Thomas Corrente of Terrie O'Connor Realtors, secured this investment property. On the other side, the seller was represented by Kathryn B. Divak from Mission Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 6 Pineview Terrace
- Market: Montvale
- Asset Type: Multifamily
- Acres: 0.41
- Buyer's Rep: Thomas Corrente - Terrie O'Connor Realtors
- Seller's Rep: Kathryn B. Divak - Mission Realty
The successful transaction at 6 Pineview Terrace involved key individuals such as Thomas Corrente and Kathryn B. Divak. Both played crucial roles in representing the buyer and seller, respectively, ensuring a smooth and efficient real estate deal in Montvale.
Players
Montvale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93