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
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