Updated Sep 9, 2024
Valerie Picardi Sells Multifamily Property In Montclair For $1.05M
63 Watchung Avenue, Montclair, New Jersey 07043, United States
$1,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 7, 2022
About this deal
AI
Located at 63 Watchung Ave in Montclair, this multifamily property was recently sold for a total price of $1,050,000. The property consists of multiple units and offers a great investment opportunity in the Montclair market.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,050,000
- Market: Montclair
- Broker: Valerie Picardi - Keller Williams Realty
Valerie Picardi from Keller Williams Realty represented the buyer/seller/landlord/tenant in this transaction. Their expertise and negotiation skills played a crucial role in closing the deal successfully.
Montclair 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93