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
Irvington 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93