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Hamed Kazerani & Rhia Osbourne Facilitate $1.24M Multifamily Sale In Lyndhurst

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SOLD
$1,240,000

New Jersey

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MultiFamily
Sold 05/23/2024
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Property Image
SOLD

Hamed Kazerani & Rhia Osbourne Facilitate $1.24M Multifamily Sale In Lyndhurst

621 Valley Brook Avenue

See Similar Deals
MultiFamily
Sold 05/23/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A modern two-family duplex at 621 Valley Brook Avenue in Lyndhurst sold for $1.24 million. The property, near the Lyndhurst train station, features open-concept main floors, finished basements, and master suites with walk-in closets and soaking tubs.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,240,000
  • Address: 621 Valley Brook Avenue
  • Market: Lyndhurst

The buyer's representative for this transaction was Hamed Kazerani from Real Broker, while the seller's representative was Rhia Osbourne from Re/Max Signature Homes.

Players

Rhia Osbourne
1 deal$1.2M volume(201) 906-4537
BROKER

Real Broker
BROKERAGE

Details

SOLD
IMAGE: Hamed Kazerani & Rhia Osbourne DATE: 05/23/2024 ADDRESS: 621 Valley Brook Avenue MARKET: Lyndhurst ASSET TYPE: Multifamily BUYER'S REP: Hamed Kazerani - Real Broker (@RealBrokerage) SELLER'S REP: Rhia Osbourne - Re/Max Signature Homes SALE PRICE: $1,240,000 NOTE: A modern two-family duplex at 621 Valley Brook Avenue in Lyndhurst sold for $1.24 million. The property, near the Lyndhurst train station, features open-concept main floors, finished basements, and master suites with walk-in closets and soaking tubs.

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

$66,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,405.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,878.23
Annual Debt Service$70,538.79