Updated Dec 4, 2024
Prominent Properties Sotheby's International Realty Acquires Mixed-use Property In Englewood, NJ For $2.2M
4-6 Palisade Place
$2,200,000
$313/SF
Building Size
7,022 SF
Asset Type
Mixed-use
Closing
Nov 29, 2023
About this deal
AI
The mixed-use property located at 4-6 Palisade Place in Englewood, NJ has been recently sold in a closed transaction. This property spans across 7,022 square feet and was listed for an asking price of $2,600,000. Ultimately, the sale was completed for $2,200,000, resulting in a price per square foot of $313.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Address: 4-6 Palisade Place, Englewood, NJ
- Market: Englewood, NJ
- Square Footage: 7,022
Jorge Aviles from Prominent Properties Sotheby's International Realty represented the buyer in this transaction, while Anita Buchakjan from Monarch Realty Corp represented the seller. The involvement of these real estate professionals added expertise and guidance throughout the deal.
Players
Englewood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93