Updated Dec 20, 2023
Simply Real Estate Acquires Fort Lee Multifamily For $1.125M
1504 15th Street, Fort Lee, New Jersey 07024, United States
$1,125,000
Units
2
Asset Type
MultiFamily
Closing
Feb 3, 2022
About this deal
AI
A multifamily property located at 1504 15th St in Fort Lee, NJ has been sold for $1,125,000. The transaction took place on 02/04/2022. The property consists of 2 units, with each unit valued at $562,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 1504 15th St
- Market: Fort Lee, NJ
The buyer's representative in the deal was Hong Jie Li from Simply Real Estate, while the seller's representative was Kohei Nakaji from Furumoto Realty Inc.
The multifamily sale at 1504 15th Street, Fort Lee, New Jersey 07024, United States in Fort Lee, New Jersey sold for $1.1M in 2022. Reported inventory is 2 units across 2 units. Named participants on the 1504 15th Street, Fort Lee, New Jersey 07024, United States sale are Hong Jie Li, Kohei Nakaji. This page is the Fort Lee, New Jersey file for the 1504 15th 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 1504 15th Street, Fort Lee, New Jersey 07024, United States around 2022. Published consideration for 1504 15th Street, Fort Lee, New Jersey 07024, United States is $1.1M, dated 2022. Cite this Simply Real Estate Acquires Fort Lee Multifamily For $1.125M sale when underwriting similar multifamily product around Fort Lee, New Jersey.
Players
Fort Lee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Hong Jie Li to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93