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
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93