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
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.
Players
West New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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