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Karen Parker & Lisa Dennin Close $1.35M Montclair Multifamily Sale
SOLD
New Jersey
See Similar DealsMultiFamily
Sold 07/12/2024
SOLD
Karen Parker & Lisa Dennin Close $1.35M Montclair Multifamily Sale
86 Park Street
See Similar DealsMultiFamily
Sold 07/12/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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