Berkshire Hathaway Homeservices Acquires Single Family Property On Oak St In Montclair, NJ For $1.45M
SOLD
New Jersey
See Similar DealsSingle Family Residence1,632 SF
Sold 04/19/2021
SOLD
Berkshire Hathaway Homeservices Acquires Single Family Property On Oak St In Montclair, NJ For $1.45M
3 Oak Place, Montclair, NJ, USA
See Similar DealsSingle Family Residence1,632 SF
Sold 04/19/2021
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$888
Total Square Footage:1,632 SF
Transaction Type:Sale
A single-family property located at 3 Oak St in Montclair, NJ was recently sold. The transaction took place on April 19, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $1,450,000
- Address: 3 Oak St, Montclair, NJ
- Market: Montclair, NJ
The seller of this property was 3 Oak St Trust, while the buyer was represented by Ilene Horowitz from Coldwell Banker Realty. Roman Drukarov from Berkshire Hathaway Homeservices New Jersey Properties acted as the seller's representative in the deal.
The asking price for the property was $1,200,000, and it was ultimately sold for $1,450,000.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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