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Karen Parker & Lisa Dennin Close $1.35M Montclair Multifamily Sale

Property Image
SOLD
$1,350,000

New Jersey

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MultiFamily
Sold 07/12/2024
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Property Image
SOLD

Karen Parker & Lisa Dennin Close $1.35M Montclair Multifamily Sale

86 Park Street

See Similar Deals
MultiFamily
Sold 07/12/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A legal two-family home at 86 Park Street in Montclair was sold for $1,350,000. The property boasts high ceilings, leaded glass built-ins, pocket doors, butlers pantries, large rooms, an enclosed porch, hardwood floors, and separate utilities for each floor.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 86 Park Street
  • Market: Montclair

Karen Parker from Keller WilliamsRealty represented the buyer, while Lisa Dennin from Brown Harris Stevens New Jersey represented the seller in the transaction.

Players

Lisa Dennin
1 deal$1.4M volume(973) 699-4101
BROKER

Karen Parker
Keller Williams Realty
1 deal$1.4M volume(973) 885-6604
BROKER

Details

SOLD
IMAGE: Karen Parker & Lisa Dennin DATE: 07/12/2024 ADDRESS: 86 Park Street MARKET: Montclair ASSET TYPE: Multifamily BUYER'S REP: Karen Parker - Keller Williams Realty SELLER'S REP: Lisa Dennin (@Lisa.Dennin.3) - Brown Harris Stevens New Jersey (@BrownHarrisStevensNJ) SALE PRICE: $1,350,000 NOTE: A legal two-family home at 86 Park Street in Montclair sold for $1,350,000. The property features high ceilings, leaded glass built-ins, pocket doors, butlers pantries, large rooms, an enclosed porch, hardwood floors, and separate utilities for each floor.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
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