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60 Crawford Street

Yitzchok Goldklang Acquires MultiFamily Asset At 60 Crawford Street From Mordechai Retek For $4.41M
SOLDMultiFamily

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

Sylvia Spielman

GFI Realty Services

Broker

$84.3M

vol

8 deals

Broker

Yitzchok Goldklang

Buyer
Buyer

Mordechai Retek

Seller

$1.5M

vol

1 deal

Seller

Newark 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

3.60%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93