facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

22 Brinkerhoff Terrace, Pal...

Realty 7, LLC Acquires Palisades Park Multifamily For $1.51M
SOLDMultiFamily

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

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

Jee Mee Lim

Re/Max

Broker

$9.5M

vol

7 deals

Broker
Realty 7
Realty 7Brokerage

Palisades Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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