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Weichert Realtors & DeSimone Realty Facilitate $1.3M Multifamily Sale In Madison

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SOLD
$1,299,900

New Jersey

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MultiFamily
Sold 05/07/2024
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Property Image
SOLD

Weichert Realtors & DeSimone Realty Facilitate $1.3M Multifamily Sale In Madison

9 Centre Street

See Similar Deals
MultiFamily
Sold 05/07/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The property located at 9 Centre Street in Madison spans 0.27 acres and was recently transacted for a sale price of $1,299,900. The buyer was represented by Constantina Pantazopoulos and Katherine Catanzaro from Weichert Realtors, while the seller was represented by Adrienne Desimone from DeSimone Realty.

Summary of transaction details:

Constantina Pantazopoulos and Katherine Catanzaro from Weichert Realtors represented the buyer, while the seller, Adrienne Desimone, was represented by DeSimone Realty in the property transaction at 9 Centre Street. The successful deal highlights the collaboration between these experienced real estate professionals in the Madison market.

Players

2 deals$2.7M volume(973) 615-1663
BROKER


Katherine Catanzaro
Weichert Realtors
1 deal$1.3M volume(908) 403-3244
BROKER

Details

SOLD
IMAGE: Constantina Pantazopoulos, Katherine Catanzaro & Adrienne Desimone DATE: 05/07/2024 ADDRESS: 9 Centre Street MARKET: Madison ASSET TYPE: Multifamily ~ ACRES: 0.27 BUYER'S REP: Constantina Pantazopoulos (@CatanzaroPantazopoulosTeam) & Katherine Catanzaro (@RealtorKathyCatanzaro) - Weichert Realtors (@WeichertRealtors) SELLER'S REP: Adrienne Desimone (@AdrienneDesimone) - DeSimone Realty SALE PRICE: $1,299,900 NOTE: The property located at 9 Centre Street in Madison was sold for a price of $1,299,900. Weichert Realtors represented the buyer in this transaction, while DeSimone Realty represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$69,328.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.19
Annual Debt Service$73,946.27