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6 Pineview Terrace

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

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:

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

Broker

$1.1M

vol

1 deal

Broker

Montvale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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