Updated Dec 21, 2023
Novas Realty, LLC Acquires Palisades Park Multifamily For $1.85M
19 Cleveland Place, Palisades Park, NJ 07650, USA
$1,850,000
$325/SF
Building Size
5,680 SF
Asset Type
MultiFamily
Closing
Dec 9, 2021
About this deal
AI
A multifamily property located at 19 Cleveland Pl in Palisades Park, NJ was recently sold for $1,850,000. The property spans 5,680 square feet, resulting in a price per square foot of $325. The sale took place on December 9, 2021.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 19 Cleveland Pl, Palisades Park, NJ
- Market: Palisades Park, NJ
The buyer was represented by Peter S. Oh from Novas Realty, LLC, while the seller was represented by Brian S. Kim from Proper Estates, Inc.
On the Map
$1,850,000
$325/SF
MultiFamily
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Palisades Park 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93