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GenStone Realty Facilitates $2M Sale Of Multifamily Property In East Orange
SOLD
$2,000,000
New Jersey
See Similar DealsMultiFamily
Sold 12/20/2023
SOLD
GenStone Realty Facilitates $2M Sale Of Multifamily Property In East Orange
66 North Grove Street
See Similar DealsMultiFamily
Sold 12/20/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
66 North Grove Street in East Orange, a multifamily property, was sold for $2 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Market: East Orange
- Broker: Christina Calvo - GenStone Realty
The transaction was facilitated by broker Christina Calvo of GenStone Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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