Updated Dec 20, 2023
JMichaels Realty Acquires Multifamily Property In North Arlington For $1.08M
68-70 Elm St North Arlington, NJ
$1,085,000
$248/SF
Building Size
4,368 SF
Asset Type
MultiFamily
Closing
Sep 20, 2021
About this deal
AI
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
North Arlington 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
14.62%
Cash-on-Cash
-4.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93