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993 Stuyvesant Ave, Irvingt...

Irvington Property Sold For $2.7M With Seller's Rep Manveer Sanghera And John Veniero
SOLDMultiFamily

Irvington Property Sold For $2.7M With Seller's Rep Manveer Sanghera And John Veniero

993 Stuyvesant Ave, Irvington, NJ, 07...

$2,700,000

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

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.

Players

Nat Gambuzza

Berkadia

Broker

$917.5M

vol

74 deals

Broker

Irvington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93