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

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SOLD
$4,410,000

New Jersey

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MultiFamily30,000 SF
Sold 10/28/2021
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Property Image
SOLD

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

60 Crawford Street

See Similar Deals
MultiFamily30,000 SF
Sold 10/28/2021
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$147
Total Square Footage:30,000 SF
Transaction Type:Sale

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

SS
8 deals$84.3M volume
BROKER

1 deal$4.4M volume
BROKER


1 deal$1.5M volume
SELLER

Details

SOLD
IMAGE: 10/28/2021 ADDRESS: 60 Crawford Street MARKET: Newark ASSET TYPE: MultiFamily BROKERS: Moshe Gelsbtein(), Sylvia Spielman() BUYER: Yitzchok Goldklang SELLER: Mordechai Retek PRICE: $4,410,000.00 SF: 30000.0

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

$235,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,667.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,905.65
Annual Debt Service$250,867.80