SOLDMultiFamily
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
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.
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