Updated Dec 21, 2023
Irwin Leventer Real Estate Inc Acquires Multifamily Property In Deal, NJ For $4.6M
8 Queen Anne Drive, Deal, New Jersey 07723, United States
$4,600,000
Units
2
Asset Type
MultiFamily
Closing
Oct 24, 2022
About this deal
AI
The multifamily property located at 8 Queen Ann Dr in Deal, NJ has recently sold for $4,600,000. The sale took place on October 25, 2022. The property consists of 2 units, with a price per unit of $2,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Units: 2
- Price per Unit: $2,300,000
The buyer was represented by Adele Cohen of Irwin Leventer Real Estate Inc, while the seller was represented by Bruce Germinsky of BG Realty Services.
The multifamily sale at 8 Queen Anne Drive, Deal, New Jersey 07723, United States in Deal, New Jersey sold for $4.6M in 2022. Reported inventory is 2 units across 2 units. Named participants on the 8 Queen Anne Drive, Deal, New Jersey 07723, United States sale are Bruce Germinsky. This page is the Deal, New Jersey file for the 8 Queen Anne Drive, Deal, New Jersey 07723, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Deal sit in the Market section below. Filter that Deal multifamily set by closing date to see what else sold near 8 Queen Anne Drive, Deal, New Jersey 07723, United States around 2022. Published consideration for 8 Queen Anne Drive, Deal, New Jersey 07723, United States is $4.6M, dated 2022. Cite this Irwin Leventer Real Estate Inc Acquires Multifamily Property In Deal, NJ For $4.6M sale when underwriting similar multifamily product around Deal, New Jersey.
Players
Deal 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93