SOLDMultiFamily
Multifamily Property In Fort Lee Sold For $1.745M With Buyer's Rep Jin Park & Seller's Rep Jee Mee Lim
2417 Hammett Avenue
$1,745,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 6, 2023
AI
A multifamily property located at 2417 Hammett Avenue in Fort Lee was sold for $1,745,000. The buyer was represented by Jin Park of Eastern Realty, and the seller was represented by Jee Mee Lim.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,745,000
- Address: 2417 Hammett Avenue, Fort Lee
- Market: Fort Lee
Jin Park of Eastern Realty represented the buyer in this transaction, while Jee Mee Lim represented the seller.
Players
Fort Lee 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
9.09%
Cash-on-Cash
-2.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93