Jaeseung Lee Acquires Multifamily Property In Palisades Park, NJ For $1.47M
SOLD
$1,470,000
New Jersey
See Similar DealsMultiFamily1,374 SF
Sold 04/06/2021
SOLD
Jaeseung Lee Acquires Multifamily Property In Palisades Park, NJ For $1.47M
126 Roff Avenue, Palisades Park, NJ, USA
See Similar DealsMultiFamily1,374 SF
Sold 04/06/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,069
Total Square Footage:1,374 SF
Transaction Type:Sale
The sale of a multifamily property in Palisades Park, NJ has been completed at a price of $1,470,000. The property is located at 126 Roff Ave.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,470,000
- Market: Palisades Park, NJ
Jaeseung Lee of Eastern Realty Inc. represented the buyer in the transaction, while William Broderick of Ridgeco Properties Inc. represented the seller.
This successful sale was facilitated by the expertise and negotiation skills of Jaeseung Lee and William Broderick, representing their respective clients in the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,222.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,968.55
Annual Debt Service$83,622.60
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