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2470 Rossett Street

Frank Cooney - Century 21 Sells Fort Lee Multifamily Property For $1.27M
SOLDMultiFamily

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

Frank Cooney

Century 21

Broker

$1.3M

vol

1 deal

Broker

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

12.47%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93