Updated Dec 4, 2024
Fort Lee Multifamily Sold For $1.45M With Buyer's Rep Sharon Lee & Seller's Rep Kyungju Suh
2442 1st Street
$1,450,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 15, 2023
About this deal
AI
In Fort Lee, a multifamily property was sold at 2442 1st Street for a price of $1,450,000. Located in the market of Fort Lee, this multifamily asset offers investment opportunities in a thriving location.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 2442 1st Street
- Market: Fort Lee
Representing the buyer in this transaction was Sharon Lee from Coldwell Banker. Kyungju Suh from Jois Realty acted as the seller's representative, ensuring a smooth negotiation process for both parties involved. Both agents bring their expertise and experience to the deal, facilitating a successful transaction.
Note: Sharon Lee of Coldwell Banker represented the buyer, while Kyungju Suh of Jois Realty represented the seller in the sale of a multifamily property at 2442 1st Street, Fort Lee.
Players
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93