Updated May 11, 2026
Redfin Corporation Acquires Fort Lee Multifamily For $1.03M
1520 12th Street, Fort Lee, NJ 07024, USA
$1,030,000
$402/SF
Building Size
2,560 SF
Asset Type
MultiFamily
Closing
Oct 6, 2021
About this deal
AI
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
Fort Lee 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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93