Private Investor Acquires Property In Irvington New Jersey For $1.6 Million Represented By Kevin Taub
SOLD
$1,600,000
New Jersey
See Similar DealsMultiFamily
Sold 01/30/2019
SOLD
Private Investor Acquires Property In Irvington New Jersey For $1.6 Million Represented By Kevin Taub
818 Stuyvesant Ave, Irvington, NJ, 07...
See Similar DealsMultiFamily
Sold 01/30/2019
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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