Updated Oct 28, 2024
Li Yibin & Zhang Ziyue H/W Acquire Government/Exempt Property In Millburn, NJ For $1.225M
18 Rector Street, Millburn, New Jersey 07041, United States
$1,225,000
Building Size
—
Asset Type
Other
Closing
Mar 29, 2022
About this deal
AI
A government/exempt property located at 18 Rector St in Millburn, NJ has been sold in a transaction that took place on March 30, 2022. The property was purchased by Li Yibin and Zhang Ziyue. They acquired the property from Park Deborah Tongyao and Park Sean Hyunwoo for a price of $1,225,000.
Summary of transaction details:
- Property Type: Government/Exempt
- Transaction Amount: $1,225,000
- Address: 18 Rector St, Millburn, NJ
- Buyer: Li Yibin & Zhang Ziyue H/W
- Seller: Park Deborah Tongyao H/W & Park Sean Hyunwoo
The buyers, Li Yibin and Zhang Ziyue, entered into this transaction to acquire the government/exempt property. On the other hand, the sellers, Park Deborah Tongyao and Park Sean Hyunwoo, sold the property to the buyers. The purchase price for this transaction was $1,225,000.
Players
Millburn Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93