Ralph Dumani Purchases Multifamily Property From Menal Malaka In Perth Amboy For $890,000
SOLD
$890,000
+ 1
New Jersey
See Similar DealsMultiFamily2,460 SF
Sold 02/21/2025
SOLD
Ralph Dumani Purchases Multifamily Property From Menal Malaka In Perth Amboy For $890,000
113 Market Street
See Similar DealsMultiFamily2,460 SF
Sold 02/21/2025
+ 1
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$361
Total Square Footage:2,460 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$47,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,161.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,219.05
Annual Debt Service$50,628.65
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