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Coldwell Banker Brokers Facilitate $1.2M Sale Of Multifamily Property In Fort Lee
SOLD
$1,200,000
New Jersey
See Similar DealsMultiFamily
Sold 12/05/2023
SOLD
Coldwell Banker Brokers Facilitate $1.2M Sale Of Multifamily Property In Fort Lee
17 Short Street
See Similar DealsMultiFamily
Sold 12/05/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property at 17 Short Street in Fort Lee has been sold for $1,200,000. The transaction was facilitated by brokers Hyuk Soo Lee and Sharon Lee of Coldwell Banker.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 17 Short Street
- Market: Fort Lee
- Brokers: Hyuk Soo Lee & Sharon Lee - Coldwell Banker
The brokers who represented the deal were Hyuk Soo Lee and Sharon Lee from Coldwell Banker. They successfully facilitated the sale of the multifamily property at 17 Short Street in Fort Lee.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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