Updated Dec 4, 2024
2400 5th Street Multifamily Sold For $1.625M With Buyer's Rep Ari Mesmer & Seller's Rep William Broderick
2400 5th Street
$1,625,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 29, 2023
About this deal
AI
The property located at 2400 5th Street in Fort Lee has been sold. This multifamily asset was sold for a total price of $1,625,000. The transaction involved Ari Mesmer from RE/MAX Select acting as the buyer's representative and William Broderick from Ridgeco Properties, Inc representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Address: 2400 5th Street, Fort Lee
- Market: Fort Lee
Ari Mesmer, from RE/MAX Select, facilitated the purchase on behalf of the buyer while William Broderick, from Ridgeco Properties, Inc, represented the seller in this transaction.
On the Map
$1,625,000
MultiFamily
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Fort Lee 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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93