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Coldwell Banker & Corcoran Infinity Properties Facilitate $1.2M Multifamily Sale In West New York

Property Image
SOLD
$1,200,000
Nishan Akkus
Khalil Dalia

New Jersey

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MultiFamily
Sold 04/12/2024
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Property Image
SOLD

Coldwell Banker & Corcoran Infinity Properties Facilitate $1.2M Multifamily Sale In West New York

6606 Mckinley Place

See Similar Deals
MultiFamily
Sold 04/12/2024
Nishan Akkus
Khalil Dalia
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Nishan Akkus
EXP Realty
Nishan Akkus
2 deals$2.6M volume
BROKER
Khalil Dalia
Coldwell Banker
Khalil Dalia
1 deal$1.2M volume(201) 290-3780
BROKER

Details

SOLD
IMAGE: Khalil Dalia & Nishan Akkus DATE: 04/12/2024 ADDRESS: 6606 Mckinley Place MARKET: West New York ASSET TYPE: Multifamily BUYER'S REP: Khalil Dalia - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Nishan Akkus - Corcoran Infinity Properties (@CorcoranInfinityProperties) SALE PRICE: $1,200,000 NOTE: Coldwell Banker represented the buyer in the purchase of a spacious 3-family home at 6606 McKinley Place in West New York for $1,200,000, with Corcoran Infinity Properties serving as the seller's representative. The property, located in a prime location with easy access to transportation and nearby shopping and dining options, presents a fantastic investment opportunity in the heart of West New York.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35