Irvington Property Sold For $2.7M With Seller's Rep Manveer Sanghera And John Veniero
SOLD
$2,700,000
New Jersey
See Similar DealsMultiFamily
SOLD
Irvington Property Sold For $2.7M With Seller's Rep Manveer Sanghera And John Veniero
993 Stuyvesant Ave, Irvington, NJ, 07...
See Similar DealsMultiFamily
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this closed transaction is located at 993 Stuyvesant Ave, Irvington, NJ. The transaction was valued at $2,700,000.00, with a total square footage of 0. This indicates the nature of the property in the context of the market in Irvington.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,700,000.00
- Address: 993 Stuyvesant Ave, Irvington, NJ
- Market: Irvington
- Seller's Representative: Manveer "Manny" Sanghera, John Veniero-CBRE
- Buyer: Unknown
- Seller: Not specified
CBRE played a significant role in the transaction, with a team led by Nat Gambuzza including John Veniero, Trevor Fiebel, and Manny Sanghera representing the sellers. Their efforts contributed to the overall transaction activity, reflecting a strong demand for properties in Essex County, where this deal is situated.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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