Updated Sep 9, 2024
Fernando M Cayo Secures $1.46M Condo Sale In Cliffside Park
5 Washington Place
$1,465,000
$598/SF
Building Size
2,448 SF
Asset Type
Condo
Closing
Aug 16, 2022
About this deal
AI
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.
The condo sale at 5 Washington Place in Cliffside Park, New Jersey sold for $1.5M in 2022. The building is 2,448 square feet, implying about 598 per square foot on the published price. Evelyn Rafter, Fernando M. Cayo, Evelyn G. Rafter & Associates appear on the sale alongside Evelyn G. Rafter & Associates. This page is the Cliffside Park, New Jersey file for the 5 Washington Place condo sold: pricing, party profiles, and other closed condo comps from the same Cliffside Park sit in the Market section below. Filter that Cliffside Park condo set by closing date to see what else sold near 5 Washington Place around 2022. Published consideration for 5 Washington Place is $1.5M, dated 2022. Cite this Fernando M Cayo Secures $1.46M Condo Sale In Cliffside Park sale when underwriting similar condo product around Cliffside Park, New Jersey.
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Cliffside Park Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.83%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93