Updated Oct 14, 2024
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
About this deal
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.
On the Map
$2,700,000
MultiFamily
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Players
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