Meena R. Patel Acquires Multifamily Property At 80 Grove St, Rutherford For $1.11M
80 Grove Street, Rutherford, New Jersey 07070, United States
$1,110,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 27, 2022
AI
Meena R. Patel from Keller Williams Village Square Realty represented the buyer and seller in the sale of a multifamily property located at 80 Grove St in Rutherford. The transaction took place on January 27, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 80 Grove St
- Market: Rutherford
- Units: 3
- Price Per Unit: $370,000
The property, represented by Meena R. Patel, was sold for a total of $1,110,000. It consists of three units, with a price per unit of $370,000. The transaction closed on January 27, 2022 in Rutherford.
Rutherford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93