16 Units Sold At Riverfront Residences In Elizabeth For $9.478 Million By Jazmine Clausen-Soir & Meilyn Torres
SOLD
$9,478,000
New Jersey
See Similar DealsSingle Family Residence3,495 SF
Sold 09/01/2024
SOLD
16 Units Sold At Riverfront Residences In Elizabeth For $9.478 Million By Jazmine Clausen-Soir & Meilyn Torres
Single Family Residence3,495 SF
Sold 09/01/2024
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$2,711
Total Square Footage:3,495 SF
Transaction Type:Sale
The property involved in the transaction is a single-family asset located in Elizabeth, NJ. It consists of 16 units and was sold for a total price of $9,478,000. The specific address of the property is Riverfront Residences, Elizabeth, NJ, 07206.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,478,000
- Units: 16
- Date of Sale: 09/01/2024
- Listing Agents: Jazmine Clausen-Soir & Meilyn Torres
This transaction was facilitated by listing agents Jazmine Clausen-Soir and Meilyn Torres, who represented the seller in the deal. Their role was instrumental in the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$505,493.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,673.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,930.56
Annual Debt Service$539,166.67
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