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
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.
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