Fernando M Cayo Secures $1.46M Condo Sale In Cliffside Park
SOLD
$1,465,000
New Jersey
See Similar DealsCondo2,448 SF
Sold 08/16/2022
SOLD
Fernando M Cayo Secures $1.46M Condo Sale In Cliffside Park
5 Washington Place
See Similar DealsCondo2,448 SF
Sold 08/16/2022
Summary
NEW JERSEY
Asset Type:Condo
Price Per Square Foot:$598
Total Square Footage:2,448 SF
Transaction Type:Sale
A condo located at 5 Washington Pl in Cliffside Park has been sold for $1,465,000. The property spans 2,448 square feet, resulting in a price per square foot of $598.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,465,000
- Address: 5 Washington Pl, Cliffside Park
- Square Footage: 2,448
- Price per Square Foot: $598
Fernando M Cayo represented the buyer in this transaction. Evelyn Rafter, from Evelyn G. Rafter & Associates, served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,204.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,944.85
Annual Debt Service$83,338.17
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