Updated Dec 4, 2024
Sibel Oz, Harry & Jerome Sahlman Close $1.275M Montclair Multifamily Sale
198 Lorraine Avenue
$1,275,000
Building Size
—
Asset Type
Single Family
Closing
May 29, 2024
About this deal
AI
In Montclair, a MultiFamily property at 198 Lorraine Avenue was recently sold for $1,275,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Address: 198 Lorraine Avenue
- Market: Montclair
Sibel Oz from Prominent Properties Sotheby's International Realty represented the buyer, while Harry Sahlman and Jerome Sahlman from Village Square Realtors represented the seller in this transaction.
The single family sale at 198 Lorraine Avenue in South San Francisco, New Jersey sold for $1.3M in 2024. 198 Lorraine Avenue is classified as Single Family on Traded. Sibel Oz, Jerome (Jerry) Sahlman, Harry Sahlman, Sotheby's International Realty appear on the sale alongside Sotheby's International Realty, Village Square Realtors. This page is the South San Francisco, New Jersey file for the 198 Lorraine Avenue single family sold: pricing, party profiles, and other closed single family comps from the same South San Francisco sit in the Market section below. Filter that South San Francisco single family set by closing date to see what else sold near 198 Lorraine Avenue around 2024. Published consideration for 198 Lorraine Avenue is $1.3M, dated 2024. Cite this Sibel Oz, Harry & Jerome Sahlman Close $1.275M Montclair Multifamily Sale sale when underwriting similar single family product around South San Francisco, New Jersey.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93