Updated Dec 4, 2024
Coldwell Banker & Corcoran Infinity Properties Facilitate $1.2M Multifamily Sale In West New York
6606 Mckinley Place
$1,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 12, 2024
About this deal
AI
A spacious 3-family home at 6606 McKinley Place in West New York was sold for $1,200,000. The property, located in a prime area with convenient access to transportation and nearby shopping and dining options, offers an excellent investment opportunity in the heart of West New York.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 6606 McKinley Place
- Market: West New York
Khalil Dalia of Coldwell Banker represented the buyer in the transaction, while Nishan Akkus of Corcoran Infinity Properties acted as the seller's representative.
On the Map
$1,200,000
MultiFamily
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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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93