Redfin Corporation Acquires Fort Lee Multifamily For $1.03M
SOLD
$1,030,000
New Jersey
See Similar DealsMultiFamily2,560 SF
Sold 10/06/2021
SOLD
Redfin Corporation Acquires Fort Lee Multifamily For $1.03M
1520 12th Street, Fort Lee, NJ 07024, USA
See Similar DealsMultiFamily2,560 SF
Sold 10/06/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$402
Total Square Footage:2,560 SF
Transaction Type:Sale
A multifamily property located at 1520 12th St in Fort Lee, NJ was recently sold for a total price of $1,030,000. The property consists of 2 units, resulting in a price per unit of $515,000. The sale took place on 10/06/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Address: 1520 12th St, Fort Lee, NJ
- Market: Fort Lee, NJ
The buyer's representative in this transaction was Michael Kowalski from Redfin Corporation, while the seller's representative was Michael Broderick from Ridgeco Properties, Inc. in Englewood Cliffs.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,659.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,882.73
Annual Debt Service$58,592.71
Is there something missing? Send suggestions