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613 2nd Avenue

Updated Dec 4, 2024

Keller Williams Realty Metropolitan Acquires Lyndhurst Multifamily For $1.02M
SOLDMultiFamily

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

John Cappiello

Cappiello Real Estate Services

Broker

$1M

vol

1 deal

Broker

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

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