Updated Dec 21, 2023
Weichert Realtors Acquires Multifamily Property In Fort Lee For $1.12M
1212 16th Street, Fort Lee, New Jersey 07024, United States
$1,120,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 20, 2022
About this deal
AI
The multifamily property located at 1212 16th St in Fort Lee has been sold for a total price of $1,120,000. The transaction took place on 04/21/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Address: 1212 16th St
- Market: Fort Lee
The buyer's representative in this transaction was Hongjuan An from Weichert Realtors, while the seller's representative was John Kao from Realty International Inc.
The multifamily sale at 1212 16th Street, Fort Lee, New Jersey 07024, United States in Fort Lee, New Jersey sold for $1.1M in 2022. 1212 16th Street, Fort Lee, New Jersey 07024, United States is classified as Multifamily on Traded. Hongjuan An, John Kao, Realty International, Weichert Realtors appear on the sale alongside Realty International, Weichert Realtors. This page is the Fort Lee, New Jersey file for the 1212 16th Street, Fort Lee, New Jersey 07024, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fort Lee sit in the Market section below. Filter that Fort Lee multifamily set by closing date to see what else sold near 1212 16th Street, Fort Lee, New Jersey 07024, United States around 2022. Published consideration for 1212 16th Street, Fort Lee, New Jersey 07024, United States is $1.1M, dated 2022. Cite this Weichert Realtors Acquires Multifamily Property In Fort Lee For $1.12M sale when underwriting similar multifamily product around Fort Lee, New Jersey.
Players
Fort Lee 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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93