Yitzchok Goldklang Acquires MultiFamily Asset At 60 Crawford Street From Mordechai Retek For $4.41M
60 Crawford Street
$4,410,000
$147/SF
Building Size
30,000 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
AI
The property asset involved in this transaction is a MultiFamily building located at 60 Crawford Street, Newark. The sale was completed for a total transaction amount of $4,410,000.00, with the asset covering an area of 30,000 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,410,000.00
- Address: 60 Crawford Street
- Market: Newark
- Square Footage: 30,000.0
- Buyer: Yitzchok Goldklang
- Seller: Mordechai Retek
- Broker Representatives: Moshe Gelsbtein, Sylvia Spielman
This deal involved key individuals including the buyer, Yitzchok Goldklang, and the seller, Mordechai Retek. The transaction was facilitated by broker representatives Moshe Gelsbtein and Sylvia Spielman, who played crucial roles in bringing both parties together for this agreement.
Players
Newark 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
3.60%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93