Updated Sep 9, 2024
Novas Realty, LLC Acquires Multifamily Property In Palisades Park, NJ For $1.55M
107 East Harwood Avenue, Palisades Park, NJ 07650
$1,550,000
$208/SF
Building Size
7,440 SF
Asset Type
MultiFamily
Closing
Jul 27, 2020
About this deal
AI
A multifamily property located at 107 E Harwood Ter in Palisades Park, NJ, was recently sold for a total of $1,550,000. The property consists of 2 units, with a price per unit of $575,000. This transaction took place on 07/27/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 107 E Harwood Ter, Palisades Park, NJ
- Market: Palisades Park, NJ
Laura Kim from Novas Realty, LLC represented the buyer in this deal, while Vincent Lee from Realty 7, LLC represented the seller.
On the Map
$1,550,000
$208/SF
MultiFamily
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Players
Palisades Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93