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Keller Williams Realty Metropolitan Acquires Lyndhurst Multifamily For $1.02M

Property Image
SOLD
$1,020,000

New Jersey

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MultiFamily
Sold 12/18/2023
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Property Image
SOLD

Keller Williams Realty Metropolitan Acquires Lyndhurst Multifamily For $1.02M

613 2nd Avenue

See Similar Deals
MultiFamily
Sold 12/18/2023
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

613 2nd Avenue, a multifamily property located in Lyndhurst, was recently sold for a total price of $1,020,000. This sale marks a significant transaction in the real estate market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,020,000
  • Address: 613 2nd Avenue, Lyndhurst
  • Market: Lyndhurst

The buyer, represented by Emily Snyder from Keller Williams Realty Metropolitan, successfully acquired 613 2nd Avenue. On the other hand, John Cappiello from Cappiello Real Estate Services, LLC, acted as the seller's representative in this deal.

With this transaction, Emily Snyder and Keller Williams Realty Metropolitan have demonstrated their expertise in the real estate market, while John Cappiello and Cappiello Real Estate Services, LLC, have showcased their ability to facilitate successful property sales.

This sale highlights the value and potential of the multifamily property market in Lyndhurst. It serves as a testament to the ongoing activity within the real estate sector and the opportunities available for both buyers and sellers.

Players

John Cappiello
1 deal$1M volume(201) 438-9000
BROKER

Emily Snyder
Keller Williams Realty
1 deal$1M volume(630) 815-8736
BROKER

Details

SOLD
IMAGE: Emily Snyder & John Cappiello DATE: 12/18/2023 ADDRESS: 613 2nd Avenue MARKET: Lyndhurst ASSET TYPE: Multifamily BUYER'S REP: Emily Snyder - Keller Williams Realty Metropolitan SELLER'S REP: John Cappiello - Cappiello Real Estate Services, LLC SALE PRICE: $1,020,000 NOTE: 613 2nd Avenue, a multifamily property, was sold for $1,020,000. The buyer was represented by Emily Snyder of Keller Williams Realty Metropolitan, and the seller was represented by John Cappiello of Cappiello Real Estate Services, LLC.

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

$54,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84