Frank Cooney - Century 21 Sells Fort Lee Multifamily Property For $1.27M
2470 Rossett Street
$1,272,500
Building Size
—
Asset Type
MultiFamily
Closing
Oct 2, 2023
AI
A multifamily property located at 2470 Rossett Street in Fort Lee has been sold for a total price of $1,272,500. The transaction was facilitated by Frank Cooney from Century 21, acting as the broker representative in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,272,500
- Address: 2470 Rossett Street
- Market: Fort Lee
- Broker: Frank Cooney - Century 21
This transaction involves the sale of a multifamily property in Fort Lee. Frank Cooney, representing Century 21, played a key role in the successful completion of the deal. The property at 2470 Rossett Street was sold for a total price of $1,272,500, demonstrating the potential value of the asset in the Fort Lee market.
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
12.47%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93