Updated Dec 19, 2023
Highmark Real Estate Facilitates $1.03M Multifamily Sale In Morristown Town
87 Western Ave, Morristown, NJ, USA
$1,029,000
$205/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Feb 3, 2021
About this deal
AI
The multifamily property located at 87 Western Ave in Morristown Town was recently sold. The transaction took place on 02/04/2021 for a price of $1,029,000. The property is situated in a desirable market, offering a great investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,029,000
- Date: 02/04/2021
- Address: 87 Western Ave
- Market: Morristown Town
The sale of the property was facilitated by Ernest Williams III of Highmark Real Estate. As the broker representing the transaction, Ernest Williams III played a crucial role in ensuring a successful deal for all parties involved.
Morristown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Highmark Real Estate to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.42%
Cash-on-Cash
-4.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93