Updated Dec 21, 2023
EXP Realty Acquires Multifamily Property In Palisades Park For $2.08M
221 East Edsall Boulevard, Palisades Park, New Jersey 07650, United States
$2,080,000
Units
2
Asset Type
MultiFamily
Closing
Oct 7, 2022
About this deal
AI
The multifamily property located at 221 E Edsall Blvd in Palisades Park, NJ has been sold for a price of $2,080,000. The transaction took place on 10/08/2022, as confirmed by the Instagram post shared by John W. Poggiogalle.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,080,000
- Address: 221 E Edsall Blvd, Palisades Park, NJ
- Market: Palisades Park, NJ
Peter Tlatelpa, representing EXP Realty, LLC, acted as the buyer's representative in this transaction. On the other hand, John W. Poggiogalle and Brent W. Blythe, from New & Modern Group, served as the seller's representatives.
The multifamily property consists of 2 units, with a price per unit (PPU) of $1,040,000. The Instagram post shared by John W. Poggiogalle showcases the property, indicating its location and confirming the sale.
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
7.63%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93