Updated Sep 9, 2024
Jaeseung Lee Acquires Multifamily Property In Palisades Park, NJ For $1.47M
126 Roff Avenue, Palisades Park, NJ, USA
$1,470,000
$1,069/SF
Building Size
1,374 SF
Asset Type
MultiFamily
Closing
Apr 5, 2021
About this deal
AI
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.
On the Map
$1,470,000
$1,069/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
10.79%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93