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Brian S. Kim & Jin Sung Lee Of Proper Estates Facilitates Sale Of Palisades Park Multifamily For $2.12M
SOLD
$2,120,000
New Jersey
See Similar DealsMultiFamily
Sold 02/21/2024
SOLD
Brian S. Kim & Jin Sung Lee Of Proper Estates Facilitates Sale Of Palisades Park Multifamily For $2.12M
217 5th Street
See Similar DealsMultiFamily
Sold 02/21/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,531.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,049.88
Annual Debt Service$120,598.58
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