Updated Dec 4, 2024
Jaeseung Lee & Gina Seo Complete Multifamily Sale In Palisades Park For $1.39M
247 7th Street
$1,390,000
Building Size
—
Asset Type
MultiFamily
Closing
May 22, 2024
About this deal
AI
A two-family house located at 247 7th Street in Palisades Park was sold for $1,390,000. The property is modern and east-facing, filled with natural light. It features finished ground floor units with two bedrooms and kitchens, each equipped with its own washer and dryer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,390,000
- Address: 247 7th Street
- Market: Palisades Park
Jaeseung Lee from Eastern Realty represented the buyer in the transaction, while Gina Seo from Kaymax Realty represented the seller. Both parties played pivotal roles in facilitating the sale of this property.
On the Map
$1,390,000
MultiFamily
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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
11.41%
Cash-on-Cash
-3.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93