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818 Stuyvesant Ave, Irvingt...

Private Investor Acquires Property In Irvington New Jersey For $1.6 Million Represented By Kevin Taub
SOLDMultiFamily

Private Investor Acquires Property In Irvington New Jersey For $1.6 Million Represented By Kevin Taub

818 Stuyvesant Ave, Irvington, NJ, 07...

$1,600,000

Building Size

Asset Type

MultiFamily

Closing

Jan 30, 2019

AI

The property asset involved in the transaction is a multifamily building located at 818 Stuyvesant Ave, Irvington, NJ. This property consists of 23 units and has undergone extensive capital improvements. The transaction amount for this asset is $1,600,000.00, with a square footage of 0.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000.00
  • Address: 818 Stuyvesant Ave, Irvington, NJ
  • Market: Irvington
  • Seller's Representative: Kevin Taub - Marcus & Millichap
  • Buyer: Private Investor
  • Seller: Limited Liability Company

This transaction was facilitated by Kevin Taub from Marcus & Millichap’s New Jersey office, who represented the seller. The buyer in this transaction is identified as a private investor, indicating an active interest in the multifamily property market within the Irvington area.

Players

Kevin Taub

Marcus & Millichap

Broker

$6.4M

vol

3 deals

Broker

Irvington 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93