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Sibel Oz, Harry & Jerome Sahlman Close $1.275M Montclair Multifamily Sale
SOLD
$1,275,000
New Jersey
See Similar DealsSingle Family
Sold 05/29/2024
SOLD
Sibel Oz, Harry & Jerome Sahlman Close $1.275M Montclair Multifamily Sale
198 Lorraine Avenue
See Similar DealsSingle Family
Sold 05/29/2024
Summary
NEW JERSEY
Asset Type:Single Family
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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