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Paul Kim Of 2Win Realty Brokers $1.18M Sale Of Multifamily Property In Fort Lee
SOLD
$1,180,000
New Jersey
See Similar DealsMultiFamily
Sold 08/30/2024
SOLD
Paul Kim Of 2Win Realty Brokers $1.18M Sale Of Multifamily Property In Fort Lee
1431 14th Street
See Similar DealsMultiFamily
Sold 08/30/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1431 14th Street in Fort Lee was involved in a recent closed transaction. The sale price for this asset was $1,180,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Address: 1431 14th Street
- Market: Fort Lee
- Buyer's Representative: RE/MAX Fortune Properties
- Seller's Representative: Paul Kim - 2Win Realty
Paul Kim of 2Win Realty facilitated the transaction, representing the seller, while RE/MAX Fortune Properties represented the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,192.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,593.80
Annual Debt Service$67,125.62
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