Updated Apr 3, 2025
Van Golemis Sells Condo Development In Fort Lee For $19.5M With Taylor Lucyk And Daniel Sokolich As Brokers
483 West Street
$19,500,000
$375/SF
Building Size
52,000 SF
Asset Type
Condo
Closing
Mar 24, 2025
About this deal
AI
The property asset involved in this transaction is a condo located at 479-491 West Street, 2166-2176 Ellery & 2169-2177 Edwin Avenue in Fort Lee. The sale was finalized for a price of $19,500,000, encompassing a total area of 52,000 square feet, with a price per square foot calculated at $375.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $19,500,000
- Square Footage: 52,000
- Price Per Square Foot: $375
- Seller: Van Golemis
- Seller's Representatives: Taylor Lucyk - Christie's International Real Estate; Daniel Sokolich - Daniel Sokolich Real Estate Enterprises
Daniel Sokolich at Daniel Sokolich Real Estate Enterprises played a significant role in the transaction by assisting in the sale of four of the units in the development, showcasing the collaborative effort involved in this deal.
On the Map
$19,500,000
$375/SF
Condo
View full map
Players
Fort Lee Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
About $375 per square foot on a published $19.5M for 52,000 square feet (2025).
Visit Taylor Lucyk to view all their deals.
Browse Fort Lee condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93