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731 Lake Avenue

Updated Dec 4, 2024

Grazyna Torbus Of Royal Crown Realty Represents Buyer In Lyndhurst Multifamily Sale For $1.2M
SOLDMultiFamily

Grazyna Torbus Of Royal Crown Realty Represents Buyer In Lyndhurst Multifamily Sale For $1.2M

731 Lake Avenue

$1,200,000

Units

2

Asset Type

MultiFamily

Closing

Sep 26, 2024

About this deal

AI

A two-unit brick-front multifamily home located at 731 Lake Avenue in Lyndhurst has been sold for $1.2 million. Each unit is priced at $600,000. The property, built in 2003, features modern kitchens, a master suite with a balcony, and a large yard, and is conveniently located near NYC transit and major highways.

Summary of transaction details:

The transaction was facilitated by Grazyna Torbus from Royal Crown Realty, Inc., representing the buyer, while the seller was represented by Diane Obeji from Coldwell Banker. The deal involved the exchange of a well-located multifamily asset in a growing market area.

Players

Diane Obeji

Coldwell Banker

Broker

$1.2M

vol

1 deal

Broker

Lyndhurst MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $600K per unit across 2 units on a published $1.2M (2024).

Visit Coldwell Banker to view all their deals.

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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

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