facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

157 English Street

Uemgee Hwang Of Realty One Group Portfolio Represents Buyer In $2.5M Fort Lee Multifamily Sale
SOLDMultiFamily

Uemgee Hwang Of Realty One Group Portfolio Represents Buyer In $2.5M Fort Lee Multifamily Sale

157 English Street

$2,500,000

Building Size

Asset Type

MultiFamily

Closing

Aug 16, 2024

AI

A two-family house at 157 English Street in Fort Lee has been sold for $2.5 million. The property, constructed in 2004, consists of identical units that each feature 4 bedrooms, 2 full baths, and 2 half baths, along with finished basements. The property was sold as-is and did not utilize a lockbox.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Units: 2
  • Price Per Unit: $1,250,000
  • Buyer's Representative: Uemgee Hwang - Realty One Group Portfolio
  • Seller's Representative: Soo Joung Woo - C Land Realty
  • Date of Sale: 08/16/2024
  • Market: Fort Lee

Uemgee Hwang represented the buyer in this transaction, while Soo Joung Woo acted on behalf of the seller. The deal reflects the collaborative efforts of both representatives to facilitate the sale of this multifamily property.

Players

Uemgee Hwang

Urban Luxe

Broker

$3.7M

vol

3 deals

Broker

Fort Lee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93