Updated Dec 4, 2024
Keller Williams Realty Metropolitan Acquires Lyndhurst Multifamily For $1.02M
613 2nd Avenue
$1,020,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 18, 2023
About this deal
AI
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
Lyndhurst 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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93