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Thomas Corrente & Kathryn B. Divak Close $1.05M Multifamily Sale In Montvale

Property Image
SOLD
$1,050,000
Kathryn B. Divak
Thomas Corrente

New Jersey

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MultiFamily
Sold
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Property Image
SOLD

Thomas Corrente & Kathryn B. Divak Close $1.05M Multifamily Sale In Montvale

6 Pineview Terrace

See Similar Deals
MultiFamily
Sold
Kathryn B. Divak
Thomas Corrente
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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:

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

Kathryn B. Divak
Mission Realty
Kathryn B. Divak
1 deal$1.1M volume(201) 803-3371
BROKER
Thomas Corrente
Terrie O'Connor Realtors
Thomas Corrente
1 deal$1.1M volume(201) 390-0888
BROKER

Details

SOLD
IMAGE: Thomas Corrente & Kathryn B. Divak DATE: 02/23/2024 ADDRESS: 6 Pineview Terrace MARKET: Montvale ASSET TYPE: Multifamily ~ ACRES: 0.41 BUYER'S REP: Thomas Corrente - Terrie O'Connor Realtors (@TerrieOConnorRealtors) SELLER'S REP: Kathryn B. Divak (@Real.Estate.Divak) - Mission Realty SALE PRICE: $1,050,000 NOTE: 6 Pineview Terrace in Montvale sold for $1,050,000, featuring a multifamily property on 0.41 acres. The buyer was represented by Thomas Corrente of Terrie O'Connor Realtors, while Kathryn B. Divak of Mission Realty represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43