Ralph Dumani Purchases Multifamily Property From Menal Malaka In Perth Amboy For $890,000
113 Market Street
$890,000
$361/SF
Building Size
2,460 SF
Asset Type
MultiFamily
Closing
Feb 21, 2025
AI
The asset involved in the transaction is a multifamily property located at 113 Market Street in Perth Amboy. The transaction occurred on February 21, 2025, with a sale price of $890,000 and a total square footage of 2,460, translating to a price per square foot of $361.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $890,000
- Address: 113 Market Street
- Market: Perth Amboy
- Sale Date: 02/21/2025
- Square Footage: 2,460
- Price per Square Foot: $361
- Buyer: Ralph Dumani
- Seller: Menal Malaka
- Brokers: Joseph Spinella, Joseph Domenech & Devin Foderaro - KW Commercial; Henry Eisenstein - EXP Realty
Key individuals involved in this transaction include the buyer Ralph Dumani and the seller Menal Malaka. The transaction was facilitated by the brokerage team from KW Commercial, represented by Joseph Spinella, Joseph Domenech, and Devin Foderaro, along with Henry Eisenstein from EXP Realty.
Players
Perth Amboy 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
17.82%
Cash-on-Cash
-5.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93