Updated Sep 9, 2024
Realty 7, LLC Acquires Palisades Park Multifamily For $1.51M
22 Brinkerhoff Terrace, Palisades Park, NJ, USA
$1,510,000
$531/SF
Building Size
2,840 SF
Asset Type
MultiFamily
Closing
Jun 9, 2021
About this deal
AI
The multifamily property located at 22 Brinkerhoff Ter in Palisades Park, NJ was recently sold in a closed transaction. The property consists of 2 units and was sold for a total price of $1,510,000, resulting in a per unit price of $755,000. The sale took place on 06/10/2021 and the transaction was facilitated by Jee Mee Lim from Realty 7, LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,510,000
- Units: 2
- Price Per Unit: $755,000
Jee Mee Lim from Realty 7, LLC represented the buyer and/or seller in this transaction. The details of the deal highlight the involvement of key individuals and companies responsible for the successful sale of the property.
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
10.51%
Cash-on-Cash
-3.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93