72 3rd Avenue Multifamily Sold For $6.6M With Brokers Robert Holland & Jeff Squires
SOLD
New Jersey
See Similar DealsMultiFamily25,000 SF
Sold
SOLD
72 3rd Avenue Multifamily Sold For $6.6M With Brokers Robert Holland & Jeff Squires
72 3rd Avenue
See Similar DealsMultiFamily25,000 SF
Sold
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:25000 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 72 3rd Avenue in Garwood. The sale price for this asset was $6,600,000, which breaks down to approximately $183,333 per unit, with a total of 36 units available.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Units: 36
- Price Per Unit: $183,333
- Address: 72 3rd Avenue
- Market: Garwood
- Brokers: Robert Holland & Jeff Squires - Kislak
This transaction was facilitated by brokers Robert Holland and Jeff Squires, who represent Kislak. Their involvement was crucial in finalizing the details of this multifamily sale, ensuring all parties were aligned throughout the negotiation process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$352,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41
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