Takla Gurung Purchases Multifamily Property From Fernando & Rosa Esteves For $1,030,000
331 Essex Street
$1,030,000
$484/SF
Building Size
2,128 SF
Asset Type
MultiFamily
Closing
Aug 6, 2026
AI
The property asset involved in the transaction is a multifamily unit located at 331 Essex Street in the Harrison market. The sale was concluded for $1,030,000, comprising 3 units within a total square footage of 2,128. This results in a price per unit of $343,333 and a price per square foot of $484.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Units: 3
- Square Footage: 2,128
- Price Per Unit: $343,333
- Price Per Square Foot: $484
- Buyer: Takla Gurung
- Seller: Fernando & Rosa Esteves
- Broker: Luis Pinto - The Pinto Group - The Bixler Group LLC
The key individuals in this transaction include buyer Takla Gurung and sellers Fernando & Rosa Esteves, with broker representation provided by Luis Pinto from The Pinto Group, associated with The Bixler Group LLC, facilitating the deal on behalf of the seller.
Players
Harrison 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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93