Updated Dec 21, 2023
Weichert Realtors Acquires Multifamily Property In Palisades Park, NJ For $1.16M
22 East Oakdene Avenue, Leonia, New Jersey 07650, United States
$1,165,000
Units
2
Asset Type
MultiFamily
Closing
Jan 27, 2022
About this deal
AI
A multifamily property located at 22 W Oakdene Ave in Palisades Park, NJ has been sold for a total of $1,165,000. The transaction took place on January 28, 2022. The property consists of 2 units, resulting in a per unit price of $582,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Units: 2
- Per Unit Price: $582,500
- Address: 22 W Oakdene Ave, Palisades Park, NJ
- Market: Palisades Park, NJ
Moonhy Eun Jeong from Weichert Realtors served as the broker for this transaction.
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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93