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JMichaels Realty Acquires Multifamily Property In North Arlington For $1.08M

Property Image
SOLD
$1,085,000
Paulo Santos
Carlos Alex Jesus
Ashish Badlani

New Jersey

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MultiFamily4,368 SF
Sold 09/21/2021
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Property Image
SOLD

JMichaels Realty Acquires Multifamily Property In North Arlington For $1.08M

68-70 Elm St North Arlington, NJ

See Similar Deals
MultiFamily4,368 SF
Sold 09/21/2021
Paulo Santos
Carlos Alex Jesus
Ashish Badlani
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$248
Total Square Footage:4,368 SF
Transaction Type:Sale

A multifamily property located at 68-70 Elm St in North Arlington, NJ has been sold for a total price of $1,085,000. The property consists of 4 units, resulting in a price per unit of $271,250.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,085,000
  • Units: 4
  • Price per Unit: $271,250
  • Address: 68-70 Elm St, North Arlington, NJ
  • Market: North Arlington, NJ

The buyer was represented by Ashish Badlani from JMichaels Realty in Oradell. The seller was represented by Paulo Santos and Carlos Alex Jesus from Exit Golden Realty Group, LLC.

Players

Ashish Badlani
Ashish Badlani
1 deal$1.1M volume
BROKER
Paulo Santos
Exit Realty Group
Paulo Santos
1 deal$1.1M volume
BROKER
Carlos Alex Jesus
Exit Realty Group
Carlos Alex Jesus
2 deals$2.3M volume
BROKER

Details

SOLD
IMAGE: Ashish Badlani, Paulo Santos & Carlos Alex Jesus DATE: 09/21/2021 ADDRESS: 68-70 Elm St, MARKET: North Arlington, NJ ASSET TYPE: Multifamily BUYER'S REP: Ashish Badlani - JMichaels Realty (@JMichaelsrealty), Oradell SELLER'S REP: Paulo Santos & Carlos Alex Jesus - Exit Golden Realty Group, LLC SALE PRICE: $1,085,000 UNITS: 4 ~ PPU: $271,250

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,854.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,143.45
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