Updated Dec 4, 2024
Brian S. Kim & Jin Sung Lee Of Proper Estates Facilitates Sale Of Palisades Park Multifamily For $2.12M
217 5th Street
$2,120,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 21, 2024
About this deal
AI
In Palisades Park, a multifamily property located at 217 5th Street was sold for $2,120,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,120,000
- Address: 217 5th Street
- Market: Palisades Park
Brian S. Kim and Jin Sung Lee of Proper Estates represented the parties involved in the transaction.
The multifamily sale at 217 5th Street in Palisades Park, New Jersey sold for $2.1M in 2024. 217 5th Street is classified as Multifamily on Traded. Brian S. Kim, Jin Sung Lee, Proper Estates appear on the sale alongside Proper Estates. This page is the Palisades Park, New Jersey file for the 217 5th Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Palisades Park sit in the Market section below. Filter that Palisades Park multifamily set by closing date to see what else sold near 217 5th Street around 2024. Published consideration for 217 5th Street is $2.1M, dated 2024. Cite this Brian S. Kim & Jin Sung Lee Of Proper Estates Facilitates Sale Of Palisades Park Multifamily For $2.12M sale when underwriting similar multifamily product around Palisades Park, New Jersey.
Players
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
7.48%
Cash-on-Cash
-2.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93