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Gerardo Coppola & Dinara Sammartino Sell 707 8th Street Multifamily In Lyndhurst
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 03/22/2024
SOLD
Gerardo Coppola & Dinara Sammartino Sell 707 8th Street Multifamily In Lyndhurst
707 8th Street
See Similar DealsMultiFamily
Sold 03/22/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
707 8th Street in Lyndhurst, a multifamily property, sold for $1.2 million. The transaction was facilitated by brokers Gerardo Coppola and Dinara Sammartino of Century 21 Semiao & Associates.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 707 8th Street
- Market: Lyndhurst
- Brokers: Dinara Sammartino & Gerardo Coppola - Century 21 Semiao & Associates
The deal's key individuals include Gerardo Coppola and Dinara Sammartino, who acted as brokers representing the transaction. They played a crucial role in the successful sale of the multifamily property at 707 8th Street in Lyndhurst.
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Deal Type
30 years
10 years
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
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