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Hamed Kazerani & Rhia Osbourne Facilitate $1.24M Multifamily Sale In Lyndhurst
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 05/23/2024
SOLD
Hamed Kazerani & Rhia Osbourne Facilitate $1.24M Multifamily Sale In Lyndhurst
621 Valley Brook Avenue
See Similar DealsMultiFamily
Sold 05/23/2024
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.
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Deal Type
30 years
10 years
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
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