Updated Dec 21, 2023
John R. DeSheplo Acquires Multifamily Property In West New York, NJ For $1.95M
6216 Madison St, West New York, NJ, USA
$1,950,000
$557/SF
Building Size
3,495 SF
Asset Type
MultiFamily
Closing
Jan 5, 2021
About this deal
AI
A multifamily property located at 6216 Madison St in West New York, NJ has been sold for $1,950,000. The property spans 3,495 square feet, resulting in a price per square foot of $558.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 6216 Madison St, West New York, NJ
- Market: West New York, NJ
The buyer of the property is John R. DeSheplo, while the seller is Jason M. Ryglicki.
The multifamily sale at 6216 Madison St, West New York, NJ, USA in West New York, New Jersey sold for $2M in 2021. The building is 3,495 square feet, implying about 557 per square foot on the published price. This page is the West New York, New Jersey file for the 6216 Madison St, West New York, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same West New York sit in the Market section below. Filter that West New York multifamily set by closing date to see what else sold near 6216 Madison St, West New York, NJ, USA around 2021. Published consideration for 6216 Madison St, West New York, NJ, USA is $2M, dated 2021. Cite this John R. DeSheplo Acquires Multifamily Property In West New York, NJ For $1.95M sale when underwriting similar multifamily product around West New York, New Jersey.
Players
West New York 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93